District Judge Gregory Woods in Manhattan federal court granted preliminary approval on Tuesday to the all-cash settlement, which had been filed the night before. Shareholders accused Wells Fargo of overstating how well it was complying with those orders, and said the bank's market value fell by more than $54 billion over two years ending in March 2020 as the shortcomings became known. "The case is In re Wells Fargo & Co Securities Litigation, U