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26 May 2011, 2:06 pm by Securites Lawprof
Bank of New York Mellon Corp. and Wells Fargo Bank, who were trustees for Medical Capital Holdings, have sued a number of broker-dealers that marketed the Med Cap private placement offerings, claiming that the broker-dealers sold the securities to investors... [read post]
5 Nov 2010, 4:08 pm by By NELSON D. SCHWARTZ
Citigroup and Bank of America disclosed investor lawsuits to force them to buy back soured mortgages, while Wells Fargo said it could not estimate the losses from these cases. [read post]
24 Feb 2010, 12:44 pm by Ted Allen
”  Wells Fargo, the fourth largest U.S. bank by assets, plans to hold its first voluntary vote at its annual meeting in late April. [read post]
5 Aug 2009, 4:30 pm
District Court for the District of Maryland Benson Everett Legg issued an order denying Wells Fargo's motion to dismiss a lawsuit filed by the City of Baltimore.... [read post]
14 Feb 2009, 1:41 pm
These are Bank of America, Wells Fargo, JP Morgan Chase, and Citigroup. [read post]
27 Mar 2014, 2:12 pm
 Judge Gould's dissent says that he "regrets" that he's constrained to disagree, and thinks that especially for entities like Wells Fargo -- a traditional California entity and one with its principal place of business here -- it's silly to say they're not "located" here.But Judge McKeown gets Judge Bybee's vote. [read post]
19 Nov 2009, 12:52 pm
SAN FRANCISCO - Wells Fargo has agreed to settle a lawsuit with consumers for $1.4 billion, according to the San Francisco Chronicle. [read post]
31 May 2023, 9:01 pm by renholding
In 2017, Wells Fargo admitted that the bank opened over 3.5 million sham bank accounts without client authorization — nearly twice as many as initially thought. [read post]
2 Feb 2009, 8:13 am
Wells Fargo, the biggest bank on the West Coast, is disputing the allegations, saying that, "the state's claims and allegations do not accurately portray the facts. [read post]
14 Apr 2011, 11:27 am by doug
The federal government has ordered sixteen large mortgage lenders, including the nations four biggest banks (Citibank, Chase, Wells Fargo, and Bank of America) to reimburse some homeowners who were improperly foreclosed upon since the recession began in 2007. [read post]
30 Jul 2018, 1:13 pm
  "Wells Fargo Agrees to Pay $2.09 Billion Penalty for Allegedly Misrepresenting Quality of Loans Used in Residential Mortgage-Backed Securities" (DOJ Press Release)https://www.justice.gov/opa/pr/wells-fargo-agrees-pay-209-billion-penalty-allegedly-misrepresenting-quality-loans-usedMy case heading to the warehouse involved the same thing by SunTrust Bank, ... [read post]
10 Jun 2009, 2:51 pm
  On Sunday, the Times ran an article, Bank Accused of Pushing Mortgage Deals on Blacks, about affidavits in Baltimore's suit against Wells Fargo claiming that Wells Fargo engaged in steering. [read post]