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Wells Fargo faces lawsuit over alleged DEI hiring effort labeled a sham

Image of the silhouette of a man talking near a screen that says "Progress is slow on ethnic diversity."
Photo: Joe Maher/BFC/Getty Images

Julie DiMauro

3 min read
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Lawsuit claims bank interviewed diverse candidates for jobs that were already filled to burnish its DEI credentials.

A US judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity while conducting sham job interviews of non-white and female applicants it had no plans to hire.

US District Judge Trina Thompson in San Francisco rejected the bank’s motion

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