Judge Rejects Wells Fargo's Bid to Have Case Dismissed

The federal judge who approved last year’s National Mortgage Settlement between the government and the five largest servicers turned down Wells Fargo’s claim that a federal lawsuit against the bank violates settlement terms.

District Judge Rosemary Collyer wrote in her opinion that Wells Fargo took “a leap of logic” in its interpretation of several settlement provisions that would bar the government from bringing certain claims against the bank.

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