Wells Fargo Says Broker May Not Own Securities In Suit
By Pete Brush ( March 14, 2017, 4:06 PM EDT) -- Wells Fargo told a Manhattan federal magistrate judge on Tuesday that a Phoenix Light manager's deposition and other information suggest the Irish brokerage did not hold relevant securities when it and others sued for contract breach and negligence over their $402 million exposure to 13 crisis-era loan bundles....
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