September 07, 2017
Former bankers alleging Wells Fargo lied to regulators to obtain a bailout had their case returned to trial court Wednesday, after the Second Circuit said the False Claims Act complaint should be reviewed under the U.S. Supreme Court's Escobar standard.
June 07, 2017
The U.S. Department of Justice urged the Second Circuit on Tuesday to reevaluate its prior dismissal of a False Claims Act case against Wells Fargo & Co. in light of the U.S. Supreme Court's ruling in the so-called Escobar case last summer.
May 05, 2016
A False Claims Act case brought against Wells Fargo & Co. by whistleblowers who say the bank defrauded the Federal Reserve by lying about following banking law so they could borrow money at lower interest rates stayed dead Thursday when the Second Circuit affirmed its dismissal by a lower court.