June 26, 2015
U.S. Bank National Association told a Missouri federal judge Thursday that several banks and asset managers' request for its communications with co-defendant Wells Fargo Bank NA should be denied, arguing common-interest documents are privileged and no settlement in related indemnification proceedings exists.
May 24, 2013
Banks and asset managers in Missouri, Arkansas and South Carolina have sued U.S. Bank NA for allegedly mismanaging 28 residential mortgage-backed securities trusts by ignoring robosigning practices that ultimately derailed their investments, according to a complaint removed to Missouri federal court on Friday.