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The firm has always generated profits from defending clients in big-ticket litigation, including Google, Samsung and Qualcomm. But its plaintiffs practice against banks like Citigroup, Barclays and Bank of America, is rare for a large law firm and has resulted in more than $25 billion in settlements over the past decade.
2009-07-02 · http://www.consumerwarningnetwork.com/2009/07/02/have-the-banks-gone-crazy-wells-fargo. Wells Fargo is now suing itself in. Why China Is so.
Last fall you could almost feel the shudder passing through boardrooms. A federal judge in California refused to dismiss lawsuits against 15 present and former directors of Wells Fargo & Co. over its massive fake-account scandal. "It is implausible the Director Defendants were unaware of the.
In its lawsuit, the city alleged Wells Fargo violated the fair housing act. as well as a drop in property values and a reduction in tax revenue.
Why Is Wells Fargo In So Much Trouble?. This is a problem for Wells Fargo employees because its sales culture incentivized, in fact almost by the sounds of it, demanded that they constantly be.
Chief Executive Officer John Stumpf told the Senate Banking Committee on Tuesday that customers who had bogus accounts. hit to Wells Fargo’s reputation. During the financial crisis, the bank.
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Reader Stanley e-mails that Wells Fargo is suing itself, and has hired two different law firms to do so. Details from Dow Jones columnist Al Lewis: You can’t expect a bank that is dumb enough to sue itself to know why it is suing itself. Yet I could not resist asking Wells Fargo Bank NA why it.
And then Wells Fargo hired another Tampa law firm — Kass, Shuler, Solomon, Spector, Foyle & Singer P.A. — to defend itself against its own lawsuit, according to court documents.
They said they wanted a place closer to their son and one big. behinds its promise to make the home financing process as efficient, stress-free, and pleasant as possible for home buyers. The.
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Wells Fargo Bank Sues Itself 445 Posted by samzenpus on Monday July 13, 2009 @01:37PM from the so-crazy-it-just-might-work dept. Extreme economic problems require extreme solutions, and Wells Fargo Bank has come up with a good one.