Insurer Suit Over Wells Fargo Lending Program Lives

Law360, New York (February 11, 2011, 8:41 PM EST) -- A federal judge has mostly rejected a Wells Fargo Bank NA bid for summary judgment in Copic Insurance Co.'s suit alleging mismanagement of a securities lending program, finding material issues still exist regarding fraud, contract and fiduciary duty claims.

Judge Walker D. Miller of the U.S. District Court for the District of Colorado partially granted the bank's motion for summary judgment Thursday, tossing the insurer's claim that it suffered damages as a result of Wells Fargo's failure to properly publish the net asset value of the...
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