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8 Jun 2016, 2:49 pm by Kevin LaCroix
On May 23, 2016, in an interesting development in one of the more high profile lawsuits to arise out of the financial crisis, the Second Circuit reversed the $1.27 billion civil penalty that Southern District of New York Judge Jed Rakoff  imposed on Countrywide and several related defendants in a case involving the company’s sale of mortgages to government sponsored entities. [read post]
3 Jun 2016, 6:40 am by Dennis Crouch
by Dennis Crouch Look for opinions in Halo/Stryker and Cuozzo by the end June 2016. [read post]
31 May 2016, 1:36 pm
Eghbali received a top-producing loan officer award, the "President's Cup", from Wells Fargo from 2011 to 2014 which according to the CFPB meant that he also received a bonus on each loan he closed. [read post]
29 May 2016, 6:40 am
Those five companies were Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street and Wells Fargo. [read post]
27 May 2016, 4:20 am by Patrick McGinnis
However, OPIC points out that arbitration is only fair when both parties are on equal footing—like if JP Morgan Chase is going to arbitrate with Wells Fargo. [read post]
18 May 2016, 8:28 am by Thompson & Knight LLP
Bank National Association, as indenture trustee; (iii) $2.2 billion pursuant to several senior unsecured notes with Wells Fargo Bank National Association, as indenture trustee; and (iv) $88 million pursuant to certain indentures with U.S. [read post]
18 May 2016, 8:25 am by Thompson & Knight LLP
  Debtors operate or have working interests in approximately 11,900 operating oil and gas wells. [read post]
18 May 2016, 8:19 am by Dennis Crouch
That decision may shed some light on the patent cases as well. [read post]
17 May 2016, 2:30 pm
Wells Fargo Bank, which were directed to “collecting data,” “recognizing certain data within the collected data set,” and “storing the recognized data in memory. [read post]
17 May 2016, 2:30 pm
Wells Fargo Bank, which were directed to “collecting data,” “recognizing certain data within the collected data set,” and “storing the recognized data in memory. [read post]
17 May 2016, 7:44 am
Consider a recent FINRA intra-industry arbitration, which pits Wall Street behemoths UBS and Wells Fargo against each other in a post-employment dispute involving a host of former UBS employees. [read post]
17 May 2016, 6:01 am by Thompson & Knight LLP
Debtors’ liabilities total approximately $1.3 billion in funded debt obligations, which include:    (i) $113 million in secured debt pursuant to a 2012 reserve-based credit facility with Wells Fargo Bank N.A., as administrative agent; and (ii) $1.075 billion in principal and $44 million in interest pursuant to senior unsecured notes with Wilmington Savings Fund Society as successor indenture trustee. [read post]
17 May 2016, 1:37 am
Consider a recent FINRA intra-industry arbitration, which pits Wall Street behemoths UBS and Wells Fargo against each other in a post-employment dispute involving a host of former UBS employees. [read post]
16 May 2016, 12:45 pm by Thompson & Knight LLP
Debtors’ liabilities total approximately $7.695 billion in funded debt obligations which include: (i) $1.9 billion pursuant to a 2013 Lien Credit Agreement with Wells Fargo Bank N.A., as administrative agent; (ii) $1 billion pursuant to a 2015 Second Lien Notes with Delaware Trust Company, as successor trustee; (iii) $3.023 billion pursuant to several senior unsecured notes with Wilmington Trust Company, as indenture trustee; (iv) $899 million pursuant to a 2010 reserve-based… [read post]