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Wells Fargo Says JPMorgan No Victim In $481M CMBS Suit

By Grace Dixon ( July 16, 2025, 3:37 PM EDT) -- Wells Fargo has told a New York federal court that it need only prove that JPMorgan knew a seller falsified financial data underlying a $481 million commercial mortgage-backed securities loan, not that it was aware of any fraud, in a suit seeking to hold the bank liable for the defaulted loan....

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