LIGUORI v. WELLS FARGO & COMPANY et al
Case Number:
5:08-cv-00479
Court:
Nature of Suit:
Other Statutes: Other Statutory Actions
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 08, 2013
Wells Fargo Puts Up $13M To End Reinsurance Kickback Suit
Wells Fargo & Co. will pay nearly $13 million to put to rest a class action accusing it of receiving illegal kickbacks from its mortgage reinsurer, according to a deal signed off on by a Pennsylvania judge Friday.
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March 17, 2011
Reinsurer's Losses Disprove Kickback Suit: Wells Fargo
Wells Fargo & Co. moved for summary judgment Wednesday in a putative class action in Pennsylvania claiming the mortgage giant received illegal kickbacks from its mortgage reinsurer, arguing the plaintiffs' theory was proven wholly wrong by the financial crisis.