Wells Fargo has agreed to pay $1 billion to settle a class-action lawsuit brought on by shareholders who had accused the lender of overstating the progress of reforms initiated after the 2016 fake-accounts scandal.
The settlement was filed late Monday in federal court in Manhattan, where litigation had been in progress for three years. If it secures the judge’s approval, it would be among the 20 largest securities class-action deals on record, according to plaintiffs. Read More...
Last December, Mayra Machado was pulled over for a routine traffic stop in Arkansas. Turns out she had an unpaid ticket for failing to yield. And as a teen, she’d spent four months in boot camp for writing bad checks. Now 31, the single mother of three, who is an undocumented immigrant, faces imminent deportation to El Salvador, the battle-scarred country she fled when she was 5 years old.
Sylvester Owino, 40, said he survived torture in Kenya as a young activist and came to the U. Read More...
June 11, 1999 BOB ABERNETHY, anchor: Now, Part Two of our series on the Tibetan Buddhists in exile in India. They’re refugees not only from Chinese oppression in Tibet but also from what the Dalai Lama calls “cultural genocide.” How can the Tibetan refugees preserve the prayer wheels and mandalas of their culture and pass on those traditions to a new generation increasingly influenced by the West? And can the Tibetan Buddhists in exile really expect someday to go home? Read More...
