Investors Rip Wells Fargo Doc Request In $1.2B MBS Suit

Law360, New York (April 20, 2017, 7:32 PM EDT) -- BlackRock and other investors in a proposed class action against Wells Fargo over its alleged bungling of $1.2 billion in mortgage-backed securities asked a New York federal judge Wednesday to rein in the bank’s discovery requests, claiming it is demanding documents that are either irrelevant or too burdensome to produce.

Responding to a letter sent by Wells Fargo Bank NA earlier this week, the investors told U.S. Magistrate Judge Sarah Netburn that the bank’s requests for additional material are improper and should be denied at this...
To view the full article, register now.