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In re Wells Fargo & Company Shareholder Derivative Litigation, 4:16-cv-05541, No. 342 (N.D.Cal. Aug. 7, 2020)
This Document Relates to:
LEAD CASE NO. 4:16-cv-05541-JST Pursuant to Civil Local Rule 7-3(d), Co-Lead Plaintiffs Fire and Police Pension Association of Colorado and the City of Birmingham Retirement and Relief System respectfully submit this Statement of Recent Decision in support of Co-Lead Plaintiffs’ Motion for Sanctions Against Objector Kevin Fisher and His Counsel (ECF No. 329).
On August 6, 2020, the United States Court of Appeals for the Seventh Circuit issued an opinion in Pearson v. Target Corp., No. 19-3095 (7th Cir.), which reversed and remanded a district court order denying a motion for disgorgement of payments made to objectors.
A copy of the Seventh Circuit’s opinion is attached hereto as Exhibit A.
LEAD CASE NO. 4:16-cv-05541-JST Dated: August 7, 2020
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