Property Owner Sues For Cut Of $175M Wells Fargo Deal

Law360, New York (October 10, 2013, 5:14 PM ET) -- A Baltimore property owner, who claims he was stiffed in a $175 million settlement between Wells Fargo Bank NA and the federal government for the bank's alleged discrimination of minority borrowers during the housing boom, urged a federal judge on Wednesday to give him a $3 million cut.

Plaintiff David Kissi said in a motion for summary judgment filed in D.C. federal court that there is no genuine dispute he is a member of the class covered in the settlement, alleging the mayor and city council...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers