Faulty MBS Lawsuit Against Wells Fargo Can Proceed

Brenna Swanson, Housing Wire A lawsuit over an alleged $1.5 billion subprime mortgage-backed securities fraud scheme against Wells Fargo (WFC) and Fortis Securities cleared a significant hurdle last week when a federal judge denied the defendants extensive motions to dismiss. European bank LBBW Luxemburg S.A.’s charges stayed on breach on contract, negligent misrepresentation and constructive fraud charges. The lawsuit comes from […]