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KREEK v. WELLS FARGO & CO.

No. C 08-01830 WHA.

652 F.Supp.2d 1053 (2009)

Arnold KREEK, individually and on behalf of all others similarly situated, Plaintiff, v. WELLS FARGO & COMPANY, Wells Fargo Funds Management, LLC, Wells Fargo Funds Trust, Wells Fargo Distributors, Stephens, Inc., and Wells Fargo Bank, N.A., Defendants.

United States District Court, N.D. California.

August 20, 2009.

Attorney(s) appearing for the Case

Deborah Clark-Weintraub, Elizabeth Rosenberg, Whatley Drake & Kallas LLC, Michael Robert Reese, Reese Richman LLP, New York, NY, for Plaintiff.

Gilbert Ross Serota, Jin H. Kim, Howard Rice Nemerovski Canady Falk, Jeremy Kamras, Attorney at Law, Thomas Octavian Jacob, Wells Fargo Law Department, San Franciso, CA, for Defendants.

ORDER DISMISSING CLASS ALLEGATIONS ONLY

WILLIAM ALSUP, District Judge.

INTRODUCTION

In this proposed class action, this is a motion to dismiss claims involving defendants' alleged violation of federal securities laws. Plaintiff investors assert that defendants Wells Fargo & Company and its affiliates violated Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934. On this motion to dismiss, defendants argue that plaintiffs'...

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