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LBBW Luxemburg S.A. v. Wells Fargo Securities LLC et al
Case Number:
1:12-cv-07311
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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March 30, 2017
German Bank Unit's $40M MBS Claim Loses On All Fronts
A Luxembourgish unit of Landesbank Baden-Wuerttemberg that sued Wells Fargo Securities LLC over claims that it had been sold $40 million of notes backed by mortgages that Wells Fargo's predecessor secretly knew to be duds had its suit killed on Thursday, with a judge concluding that documents had vindicated the defendants.
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October 02, 2012
Bank Says Wachovia Misstated Value Of $1.5B RE-Backed CDO
The Luxembourg subsidiary of a German bank alleged Monday in New York federal court that Wachovia Capital Markets LLC fraudulently misstated the value of a $1.5 billion real estate-backed collateralized debt obligation issuance in 2006.