Wells Fargo Defeats Class Cert. Bid In Royal Park RMBS Suit
By Hayley Fowler ( April 17, 2018, 7:04 PM EDT) -- A New York federal judge rejected Royal Park Investments' bid for class certification on Tuesday in its suit accusing Wells Fargo Bank of mismanaging two residential mortgage-backed securitization trusts, taking up a magistrate judge's recommendation that found there were too many differences in the proposed group of investors to warrant a class approach....
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