Practices

Wells Fargo Faces Scrutiny Over Allegations of ‘Fake Interviews’ in Diversity Hiring Practices

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Wells Fargo is facing scrutiny over a lawsuit that claims the financial giant misrepresented its diversity, equity, and inclusion (DEI) initiatives. The lawsuit asserts that the bank conducted misleading interviews for positions that were ostensibly set aside for candidates from underrepresented groups, yet were already filled. The case highlights growing concerns about the authenticity of corporate diversity efforts and has attracted significant attention. The allegations emerged from a lawsuit filed in September 2022, which contends that from February 2021 to June 2022, Wells Fargo engaged in practices that essentially amounted to sham interviews. The plaintiffs … Read more

Illinois Homeowners Fight Back as Controversial Tax Sale Practices Face Legal Challenges

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CHICAGO — An obscure practice in Illinois that allows private investors to seize millions in homeowner equity is increasingly facing legal scrutiny. This practice, long utilized by county treasurers, involves selling unpaid property tax debts to private firms, which can in turn take ownership of homes when homeowners fail to pay their debts and interest. Under this system, homeowners find themselves at risk of losing the full value of their properties, despite often owing only a small fraction of that amount. The rising rate of lawsuits against this practice highlights the growing concern over its … Read more

Lockheed Martin Faces Class Action Lawsuit as Investors Claim Misleading Financial Practices Led to Billions in Losses

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SAN FRANCISCO — A securities class action lawsuit has been initiated against Lockheed Martin Corporation in response to allegations that the aerospace giant misled investors regarding its financial status. The suit, identified as Khan v. Lockheed Martin Corporation, claims the company failed to reveal insufficient internal controls to evaluate program risks, affecting investor decisions. This lawsuit pertains to shareholders who purchased stock between January 23, 2024, and July 21, 2025. According to the filing, Lockheed Martin’s representations during this period painted an inaccurately optimistic view of its operational health, particularly regarding its Aeronautics and Rotary … Read more