Wells Fargo Reveals Litigation Risks Of $25B Mortgage Deal

Law360, New York (February 28, 2012, 7:39 PM EST) -- A Tuesday regulatory filing by Wells Fargo & Co. laid out the remaining federal enforcement litigation risks faced by the banks that signed on to a $25 billion mortgage settlement announced earlier this month even before final details of the deal are filed in court.

In its annual report filed with the U.S. Securities and Exchange Commission, Wells Fargo said that the settlement with the federal government and 49 state attorneys general still left banks on the hook for some mortgage origination claims, with different federal...
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