Wells Fargo Unit Can Send $500M Fund Plunge Suit To NY

[Gunnar Larson]

Wells Fargo Unit Can Send $500M Fund Plunge Suit To NY
<https://www.law360.com/banking/articles/1817393?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-03-27&read_main=1&nlsidx=0&nlaidx=4>

By Sydney Price

An Illinois federal judge said Wells Fargo Securities LLC can transfer to
New York federal court a suit accusing it of losing at least $500 million
of a hedge fund's value in a wrong-way bet on the markets, since an
identical class action is currently pending there.

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<https://www.law360.com/banking/articles/1817393?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-03-27&read_more=1&nlsidx=0&nlaidx=4>
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