WebSHAREHOLDER DERIVATIVE APPROVAL OF DERIVATIVE . LITIGATION . Lead Case No. 3:16-cv-05541-JST DECLARATION OF MICHAEL A. IN SUPPORT OF … WebMar 3, 2024 · The settlement agreement consists of several parts: (1) a monetary payment of $240 million to be paid by the Insurers to Wells Fargo; (2) acknowledgement by Wells Fargo that the derivative suit was a significant factor in the company’s adoption during the suit’s pendency of a number of corporate governance reforms; (3) acknowledgement by …

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