April 01, 2014
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.
October 22, 2012
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.