Wells Fargo Defeats Claims In Calif. Force-Placed Action

Law360, New York (July 3, 2013, 4:25 PM EDT) -- A California federal judge on Tuesday tossed more claims in a putative class action targeting Wells Fargo Bank NA's force-placed insurance practices, ruling the bank had the power to force borrowers to pay for retroactive flood policies and that it didn't illegally tie products.

About six months after freeing Fannie Mae and Assurant Inc. from the proposed class action, U.S. District Judge Edward Chen granted Wells Fargo's motion to dismiss claims that were based on the theory that the bank could not impose backdated policies on...
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