Attorneys for Wells Fargo & Co. urged a federal judge on Tuesday to dismiss a putative class action accusing the bank of neglecting discriminatory mortgage lending practices, arguing that the shareholder plaintiffs were wrongly accusing the board of directors.
Sullivan & Cromwell LLP partner Christopher M. Viapiano told U.S. District Judge Trina L. Thompson in San Francisco that the plaintiffs did not sufficiently plead "demand futility," a legal doctrine that s...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In