September 17, 2019
A New York federal judge on Tuesday granted a request by Wells Fargo Securities LLC for an early exit from a $163 million suit that accused the Wall Street titan of allowing a hedge fund to control collateralized debt obligations that the fund was simultaneously betting against.
June 05, 2019
Wells Fargo Securities LLC is aiming to head off an upcoming trial in a $163 million suit accusing it of allowing a hedge fund to control collateralized debt obligations that the fund was simultaneously betting against, telling a New York federal court in documents recently unsealed that there is no evidence of fraud.
November 19, 2018
Wells Fargo Securities LLC told a New York federal judge on Monday that two years of discovery have failed to produce any evidence that in the runup to the financial crisis it handed control of collateralized debt obligations to a hedge fund that was simultaneously betting against them.