June 02, 2016
The Second Circuit on Thursday declined to revive a whistleblower suit by a former Wells Fargo Bank NA subprime loan officer who claimed the lender knowingly churned out fraudulent residential mortgage-backed securities and dodged local taxes, saying the suit failed to show the bank's ineligibility for tax exemption.
November 20, 2015
A former Wells Fargo Bank NA subprime loan officer on Friday asked the Second Circuit to revive her whistleblower suit that claims the lender knowingly churned out fraudulent residential mortgage-backed securities and dodged local taxes, saying the bank was not eligible for a tax exemption.