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Blackrock Allocation Target Shares: Series S Portfolio et al v. Wells Fargo Bank, National Association et al

  1. January 30, 2019

    NCUA Raises Concerns With Wells Fargo's $43M MBS Deal

    A New York state judge turned down the National Credit Union Administration's request to tap the brakes on a $43 million settlement between Wells Fargo and a class of mortgage-backed securities investors who say the bank dropped the ball during the financial crisis, saying at a Wednesday conference that the NCUA can raise its objections later.

  2. August 14, 2018

    RMBS Investors Can't Get Orders Tossed In Wells Fargo Suits

    A New York federal judge overseeing coordinated residential mortgage-backed securities trustee litigation against Wells Fargo Bank NA has backed a magistrate judge's rejection of challenges both to the bank's privilege assertions and to its push for more detail on certain claims from the investors behind the suits.

  3. December 01, 2017

    Wells Fargo Fires Back At Fund Advisers In RMBS Suit

    Wells Fargo said Thursday that the investment advisory affiliates of BlackRock and other financial services firms whose funds have sued the California-based bank over its handling of 12 residential mortgage-backed securities trusts are twisting the law in an effort to shirk responsibility for their own actions.

  4. October 17, 2017

    Advisers Rip Wells Fargo's Bid To Turn Tables In MBS Suit

    The investment advisory affiliates of BlackRock and other financial services firms have blasted a push by Wells Fargo to make them help pay any judgments that the bank may be found to owe the firms' funds in a suit over its handling of 12 residential mortgage-backed securities trusts, saying the bank is bogging down an already-complicated case.

  5. August 21, 2017

    RMBS Investors Lose Fight For Wells Fargo Sampling

    Investors in residential mortgage-backed securities overseen by Wells Fargo NA on Monday lost their bid to resuscitate their preferred approach to meting out blame, when a New York federal judge dealt a new blow to the "sampling" methodology that plaintiffs have sought to use in RMBS cases.

  6. May 30, 2017

    Wells Fargo Turns Tables On BlackRock, Others In MBS Suit

    Wells Fargo has asked a New York federal court to make the investment advisory affiliates of BlackRock and three other financial services firms help pay any judgments that the bank may be found to owe the firms' funds for its alleged failure to properly oversee their investments in residential mortgage-backed securities.

  7. April 20, 2017

    Investors Rip Wells Fargo Doc Request In $1.2B MBS Suit

    BlackRock and other investors in a proposed class action against Wells Fargo over its alleged bungling of $1.2 billion in mortgage-backed securities asked a New York federal judge Wednesday to rein in the bank's discovery requests, claiming it is demanding documents that are either irrelevant or too burdensome to produce.

  8. November 23, 2016

    Wells Fargo Ordered To Turn Over Documents In RMBS Suit

    A New York federal judge on Tuesday ordered Wells Fargo Bank NA to produce documents from a pair of databases in a proposed class action accusing the bank of mishandling residential mortgage-backed securities investments, but denied the investors' request concerning two other databases.

  9. November 18, 2016

    Investors Seek Sanctions Against Wells Fargo In RMBS Suit

    Investors who say Wells Fargo Bank NA failed to protect them from massive residential mortgage-backed securities losses on Thursday urged a New York federal judge to sanction the bank and its lawyers for improper deposition conduct and failure to prepare a witness who was supposed to speak on behalf of the bank.

  10. October 28, 2016

    Wells Fargo Wants Key BlackRock Info In $1B Mortgage Action

    Residential mortgage-backed securities trustee Wells Fargo urged a Manhattan judge Friday to order BlackRock Funds and other big investors suing it for more than $1 billion over faulty mortgage bundles to turn over their own internal modeling techniques, saying the information will undercut their case.

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