2nd Circ. Won't Revive Wells Fargo RMBS Tax Fight

By Martin O'Sullivan (June 2, 2016, 7:16 PM EDT) -- The Second Circuit on Thursday declined to revive a whistleblower suit by a former Wells Fargo Bank NA subprime loan officer who claimed the lender knowingly churned out fraudulent residential mortgage-backed securities and dodged local taxes, saying the suit failed to show the bank's ineligibility for tax exemption....

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