DC Circ. Eyes Possible Fed Overreach In Wells Fargo FCA Suit
By Brian Mahoney
Law360, Washington (May 13, 2014, 6:00 PM EDT) -- A D.C. Circuit panel challenged a U.S. government attorney on Tuesday to show why Wells Fargo & Co. should be subject to a False Claims Act suit and mortgage fraud claims after paying $5 billion as part of a nationwide mortgage settlement, with one judge asking if the government was “having its cake and eating it too.”
The court heard oral arguments in Wells Fargo’s appeal of a decision by U.S. District Judge Rosemary M. Collyer that declined to rule that the bank was free from...