Peter F. Valdez v. Wells Fargo Advisors, LLC

CourtDistrict Court, S.D. New York
DecidedMarch 25, 2026
Docket7:23-cv-07279
StatusUnknown

This text of Peter F. Valdez v. Wells Fargo Advisors, LLC (Peter F. Valdez v. Wells Fargo Advisors, LLC) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Peter F. Valdez v. Wells Fargo Advisors, LLC, (S.D.N.Y. 2026).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK --------------------------------------------------------------x PETER F. VALDEZ, : Plaintiff, : : OPINION AND ORDER v. : : 23 CV 7279 (VB) WELLS FARGO ADVISORS, LLC, : Defendant. : --------------------------------------------------------------x Briccetti, J.: Plaintiff Peter F. Valdez brings this employment discrimination action against defendant Wells Fargo Advisors, LLC (“Wells Fargo”), claiming it discriminated against him based on his age, race, and ethnicity. Plaintiff brings claims of (i) discrimination pursuant to Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000 et. seq. (“Title VII”), the Age Discrimination in Employment Act of 1967, 29 U.S.C. §§ 621 to 634 (“ADEA”), Section 1981 of the Civil Rights Act of 1866, 42 U.S.C. § 1981 (“Section 1981”), and the New York State Human Rights Law, N.Y. Exec. Law § 296 (“NYSHRL”); (ii) retaliation pursuant to Title VII, the ADEA, and the NYSHRL; and (iii) a hostile work environment pursuant to Title VII.1 0F

1 In his complaint, plaintiff states that he brings claims under the ADEA (Docs. ##1 ¶1, 58 at 6), but none of the causes of actions actually pleaded in the complaint arise under the ADEA. (Doc. #1 (“Compl.”) ¶¶ 64–111). Despite plaintiff’s pleading error, in the interest of justice, the Court will analyze the discrimination and retaliation claims under the ADEA, as well as the statutes raised in the complaint. Further, plaintiff does not plead retaliation claims under Section 1981 in his complaint. (Compl. ¶¶ 88–92). To the extent plaintiff intended to plead those claims under Section 1981, the analysis is not impacted. Carr v. N.Y.C. Transit Auth., 76 F.4th at 178 (noting that retaliation claims under Title VII, the ADEA, and Section 1981 are subject to the McDonnell Douglas analysis). In his opposition, plaintiff argues that defendant has not moved to dismiss plaintiff’s ADEA or state law claims and thus they should move forward. (Doc. #58 at 20). The Court finds defendant has sufficiently moved for summary judgment on all claims under the NYSHRL. See (Doc. #51) at 4–16 (discrimination), (Doc #51 at 16–26) (retaliation). Defendant also clearly Now pending is defendant’s motion for summary judgment. (Doc. #50). For the reasons set forth below, the motion is GRANTED. The Court has subject matter jurisdiction pursuant to 28 U.S.C. §§ 1331, 1343, and 1367. BACKGROUND

The parties have submitted briefs, statements of material facts pursuant to Local Civil Rule 56.1, and declarations with exhibits.2 These submissions reflect the following factual 1F background. I. Plaintiff’s Employment at Wells Fargo Plaintiff is a Hispanic man of Mexican descent. At the time of commencement of this action, he was 64 years old. Plaintiff has been employed by Wells Fargo or its predecessor, Wachovia Bank, as a financial advisor since approximately May 30, 2009. Plaintiff remains employed as a Wells Fargo financial advisor. As a financial advisor, plaintiff receives a salary, as well as commissions for trades he assists with executing for clients. Financial advisors may receive referrals from bankers within their own branch or other branches. Wells Fargo has a policy that financial advisors may be affiliated with up to two branches. At the time of the events at issue, plaintiff was working at the Wells Fargo branch in Hopewell Junction, New York. While plaintiff was at the Hopewell Junction branch there were two bankers, Ricardo Ventura

stated it was moving to dismiss the entirety of the complaint, which includes any claims brought under the ADEA. (Doc. #51 at 3). 2 Plaintiff has failed to comply with Local Rule 56.1(d), which requires each statement in his response to defendant’s statement of material facts and in his counterstatement to “be followed by citation to evidence.” Despite plaintiff’s noncompliance, the Court has independently reviewed the record, and will consider only plaintiff’s assertions of fact substantiated by record evidence. Unsubstantiated assertions of fact will not be considered. Vista Food Exch., Inc. v. Comercial De Alimentos Sanchez S de R L de C.V., 627 F. Supp. 3d 408, 417 n.1 (S.D.N.Y. 2022). and Janet Radier, who sent plaintiff referrals. In 2020 and 2021, plaintiff asserts he experienced medical issues including a heart attack, depression, anxiety, and seizures. Plaintiff claims he was discriminated against by Brittany Gatto, then-Branch Manager at the Hopewell Junction branch; Adam Dumoch, then-Regional Bank District Manager; Mike

Freiheit, Private Wealth Area Manager; his manager Suzanne Lichtman, Area Manager; and Chris Calabrese, then-Market Manager. Plaintiff repeatedly testified that he never heard a comment about his race, national origin, ethnicity or age, made by any Wells Fargo employee. II. Plaintiff Complains About Not Receiving Referrals On or about December 4, 2019, plaintiff first complained that Gatto and Dumoch were steering referrals away from him to Mark Fidelio, a younger, white financial advisor located in another Wells Fargo branch. Wells Fargo initiated an investigation into the complaint led by Senior Employment Investigator Marisa Griggs. Griggs interviewed plaintiff on March 11, 2020. Plaintiff could only identify a feeling of discrimination and could not provide any facts or other support for his claims of alleged discrimination. Plaintiff claimed Ventura told him bankers

were told not to refer customers to him. Plaintiff later testified it was Gatto who said this. Gatto was also interviewed as part of the investigation. She stated, “[w]hen I became the [branch manager] in Hopewell and walked into a sh*t storm. The previous [branch manager] and Pete had a strained relationship. TMs were really unhappy with Peter due to a lot of issues. The prior [branch manager] gave me a run down and we have permission to not send him referrals. We just say that new clients were existing clients. They were lying to him.” (Doc. #60-2). Griggs closed the case as unsubstantiated but told plaintiff that if any further issues arose he should report them. Plaintiff did not report any further issues. III. Plaintiff Misses Meetings with Gatto and Ventura On December 17, 2019, plaintiff emailed Gatto to set up a meeting regarding the referral process. The meeting was scheduled for January 9, 2020. Plaintiff did not show up to the meeting. When Gatto inquired whether he was going to attend, plaintiff responded, “I declined

the meeting yesterday. The referral process has not changed since you have been with Wells Fargo Bank N.A.” (Doc. #54 (“Tandy Decl.”) Ex. 9 at ECF 2)3. Plaintiff testified he did not 2F attend the meeting because it would not have helped and Gatto would have kept sending referrals to Fidelio. On January 27, 2020, plaintiff emailed Ventura requesting a meeting regarding their partnership. On February 1, 2020, Ventura emailed Gatto stating that plaintiff did not come to the branch on the day they agreed to schedule a time to speak. Plaintiff testified he was repeatedly advised Ventura did not send him referrals because of their strained relationship. IV.

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Bluebook (online)
Peter F. Valdez v. Wells Fargo Advisors, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/peter-f-valdez-v-wells-fargo-advisors-llc-nysd-2026.