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Gresser v. Wells Fargo Bank, N.A.
Case Number:
1:12-cv-00987
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 01, 2014
Bondholders Denied Cert. In Suit Against Wells Fargo
A Maryland federal judge on Monday denied class certification to bondholders accusing Wells Fargo Bank NA of breaching its duties by failing to take swift action after a subprime mortgage lender defaulted on at least $1.75 million in bond payments prior to bankruptcy.
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October 22, 2012
Wells Fargo Can't Nix Bondholder Suit Over Lender's Default
Wells Fargo Bank NA on Monday lost its bid to toss a proposed class action alleging the bank breached its duties to bondholders by failing to take timely action after a subprime mortgage lender defaulted on at least $1.75 million in bond payments before its bankruptcy.