I received a notice that I am a potential settlement class member for a proposed settlement against Wells Fargo for actions they committed that the plaintiffs allege affected the stock price. The proposed settlement is $1 billion. It sounds like a lot, but I only own four (4) shares of WFC. Is it even worth going through the steps to join the suit for me? I believe it would involve sending proof of the stock purchases and holdings. The notice I received says it won't pay out to claimants due less than $10. I'm just wondering if it's even worth the effort considering I own so few shares.
I'm not looking for legal advice, only opinions from others in the market.
Leave a Reply