Directors And Officers Say Shareholder's Claims For Damages Are Not Ripe

SAN FRANCISCO - In a motion to dismiss, directors and officers of Wells Fargo and Co. told a California federal court on Aug. 16 that a shareholder's derivative lawsuit's claims for damages are not ripe (Richard Gulbrandsen, Derivatively on Behalf of Wells Fargo & Company v. John G. Stumpf, et al., No. 12-cv-05968, N.D. Calif.).

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