Relators Push Back On Wells Fargo's Bid To Toss FCA Suit

Law360, New York (January 12, 2018, 10:03 PM EST) -- Former bankers alleging Wells Fargo lied to regulators to obtain a bailout defended their revived False Claims Act suit on Thursday, telling a New York federal court that the bank’s dismissal bid is at odds with the U.S. Supreme Court’s Escobar decision.

Paul Bishop and Robert Kraus allege that Wells Fargo & Co. and two banks it absorbed in 2006 and 2008 violated the FCA when they told the Federal Reserve that the institutions were not breaking any laws to get access to a cash lifeline...
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