July 24, 2015
The Second Circuit on Friday revived a fraud suit accusing Wells Fargo Securities LLC of lying in its offering documents for a set of collateralized debt obligations, finding a lower court improperly dismissed claims brought by a group of five Loreley Financing companies without giving them a chance to amend them.
February 05, 2014
Lawyers for five Loreley Financing companies asked the Second Circuit on Wednesday for another shot at holding Wells Fargo Securities LLC liable for allegedly concealing that a hedge fund it relied on to shape two collateralized debt obligations was simultaneously betting against them.