Arnold & Porter Loses Bid to Dismiss Wells Fargo Derivative Suit over Mortgage Crisis


Wells Fargo put a big chunk of potential claims related to the subprime meltdown behind it on Thursday, when it pledged to pay more than $5 billion as part of the government's massive settlement with five banks at the heart of the foreclosure crisis. But for plaintiffs lawyers pressing shareholder derivative claims over Wells Fargo's response to the mortgage mess, the big news Thursday was that their case was still alive.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Continue to Lexis Advance®

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202542271459

Thank you!

This article's comments will be reviewed.