SAN FRANCISCO – Wells Fargo has agreed to settle a lawsuit with consumers for $1.4 billion, according to the San Francisco Chronicle.

The lawsuit alleged that the company improperly marketed risky investments as safe.  The Attorney General of California, Jerry Brown, had sued the San Francisco company last year as regulatory investigators began their investigation into the bank’s sale of its auction-rate securities (ARS).

The San Francisco bank did not admit fault or any wrongdoing in the settlement.

Tags: San Francisco personal injury attorney comments on San Francisco bank lawsuit settlement.

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