Saxena White is pleased to announce that, on January 12, 2017, the United States District Court for the Northern District of California appointed the Fire and Police Pension Association of Colorado and The City of Birmingham Retirement and Relief System as Co-Lead Plaintiffs in the Wells Fargo & Company Consolidated Derivative Litigation and appointed Saxena White and Lieff Cabraser Heimann & Bernstein, LLP as Co-Lead Counsel.

In its Order, the Court specifically held that the Lead Plaintiffs had fully demonstrated that they would adequately protect the interests of Wells Fargo and its shareholders, stating that Lead Plaintiffs and their counsel “have demonstrated a superior ability to move this litigation forward effectively and efficiently, and to otherwise best serve the interests of the plaintiffs.” The Court also noted counsel’s “key role” in this landmark derivative case, “which has made the outset of this litigation more efficient for both the parties and this Court.”