Wells Fargo Investors Certified In Securities Contract Row

Law360, New York (March 27, 2012, 8:43 PM EDT) -- A class of Wells Fargo NA investors claiming the bank's risky strategies breached the terms of their securities investment contracts won class certification Tuesday after a Minnesota federal judge ruled the contracts' similarity supported the treatment of the case as a class action.

U.S. District Judge Donovan W. Frank certified a class of more than 100 institutional investors represented by pension fund The City of Farmington Hills Civil Employees Retirement System that, since 2006, participated in a securities lending program offered by Wells Fargo. The judge...
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