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Litigation

Jun. 28, 2011

Wells Fargo Sued over Mortgage Paperwork

Two pension funds filed a shareholder derivative lawsuit against executives and directors of Wells Fargo & Co., claiming the defendants failed to properly document mortgage loans and ultimately exposed the bank to $15 billion in potential l


By Anna Scott


Daily Journal Staff Writer


Two pension funds filed a shareholder derivative lawsuit against executives and directors of Wells Fargo & Co., claiming the defendants failed to properly document mortgage loans and ultimately exposed the bank to $15 billion in potential liabilities.


The Oakland County Employees Retirement System and the Laborers' District Council and Contractors Pension Fund of Ohio accused more than a dozen c...

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