Wells Fargo, Deutsche Bank Move To Nix RMBS Trustee Suits

By Jessica Corso (May 1, 2015, 4:26 PM EDT) -- Wells Fargo & Co. and Deutsche Bank AG moved to toss five suits accusing the companies of failing to protect investors from over $1 trillion in losses due to poorly underwritten residential mortgage-backed securities, arguing on Friday that as trustees they had no duty to protect plaintiffs from their bad investment decisions....

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