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Gulbrandsen v. Stumpf et al
Case Number:
3:12-cv-05968
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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August 19, 2013
Wells Fargo Board Wants FHA Deception Suit Dismissed
Wells Fargo & Co.'s board of directors on Friday asked a California federal judge to toss for a second time a shareholder derivative suit accusing them of allowing the bank to falsify loan levels to wrongly obtain Federal Housing Administration insurance, saying the plaintiff still hadn't justified the suit.
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May 09, 2013
Wells Fargo Ducks Shareholder Suit Claiming It Deceived FHA
A California federal judge Thursday tossed a shareholder derivative class action claiming Wells Fargo's board of directors knew the bank was falsifying loan levels in order to obtain Federal Housing Administration insurance, saying the plaintiffs hadn't shown the directors knew about the purported activity.