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No Punitive Damages For Wells Fargo In Fraud Suit

By Nick Malinowski (June 3, 2010, 12:05 PM EDT) -- A Minnesota jury declined to award a state-run insurance fund and three nonprofits punitive damages in their breach of fiduciary duty action against Wells Fargo & Co. over a security lending program, one day after jurors ordered the bank to cough up $30 million in compensatory damages but let it off the hook for breach of contract claims....

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