Wells Fargo Fights To Stave Off Citigroup Damages

Law360 (October 14, 2008, 12:00 AM EDT) -- The wrangling between Wells Fargo & Co. and Citigroup Inc. heated up Tuesday when Wells Fargo filed its own lawsuit against Citigroup over their fight to acquire ailing Wachovia Corp.

Wells Fargo filed its lawsuit in the U.S. District Court for the Southern District of New York in a bid to

block Citigroup from pursuing liability claims against it after Wachovia chose suitor Wells Fargo instead.

Wells Fargo asked the court to declare unenforceable a provision of the agreement between Citigroup and Wachovia that would have...
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