A lawsuit was filed on behalf of certain former employees of Wells Fargo & Company (NYSE:WFC) over alleged violations of California labor codes and former employees of Wells Fargo & Company (NYSE:WFC) should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (SBWire) -- 12/04/2012 --A California-based former employee of Wells Fargo & Company (NYSE:WFC) filed a lawsuit against Wells Fargo & Company (NYSE:WFC) over alleged violations of California labor codes.

Those who are California based former employees of Wells Fargo & Company (NYSE:WFC) who were salaried as loan underwriter between May 2008 and April 2012, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges that the defendants violated California labor codes. The plaintiff alleges that defendants misclassified certain employees as overtime-exempt loan underwriter in certain retail banking locations in California between May 24, 2008 and April 2012. The plaintiff says that the defendants knowingly failed to adequately compensate certain employees

Wells Fargo & Company (NYSE:WFC) reported that its annual Net Income increased from over $12.27 billion in 2009 to over $15.86 billion in 2011.

Shares of Wells Fargo & Company (NYSE:WFC) grew from as low as $8.61 per share in March 2009 to as high as $36.13 per share in September 2012.

On Nov. 27, 2012, NYSE:WFC closed at $32.63 per share.

Those who are California based former employees of Wells Fargo & Company (NYSE:WFC) who were salaried as loan underwriter, have certain options and you should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com