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Dillon et al v. Wells Fargo Securities, LLC
Case Number:
1:23-cv-00684
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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March 26, 2024
Wells Fargo Unit Can Send $500M Fund Plunge Suit To NY
An Illinois federal judge said Wells Fargo Securities LLC can transfer to New York federal court a suit accusing it of losing at least $500 million of a hedge fund's value in a wrong-way bet on the markets, since an identical class action is currently pending there.
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May 18, 2023
Wells Fargo Should Face Fund Plunge Suit In Ill., Plaintiffs Say
Hedge fund investors who've accused Wells Fargo Securities LLC of setting the fund back at least $500 million have urged an Illinois federal judge to reject a bid to send their suit to New York, arguing "virtually all" of the disputed conduct occurred in Illinois.
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April 18, 2023
Wells Fargo Unit Wants $500M Fund Plunge Suit Sent To NY
Wells Fargo Securities LLC has asked an Illinois federal judge to transfer a suit accusing it of losing at least $500 million of a hedge fund's value in a wrong-way bet on the markets to New York federal court, where it says an identical class action is currently pending.
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February 03, 2023
Wells Fargo 'Reckless' Fund Purge Lost $500M, Investors Say
Wells Fargo cost investors in a hedge fund that lost 80% of its value betting the wrong way on market turmoil in February 2018 at least $500 million when the bank forced the immediate liquidation of their investments, according to a proposed class action filed Friday in Illinois federal court.