Wells Fargo Says False Claims Suit Breaks Deal With U.S.
This article is for subscribers only.
Wells Fargo & Co., the biggest U.S. home lender, asked a federal judge to rule that a false claims case filed by the U.S. violates the conditions of a settlement over foreclosure practices that was approved in April.
Wells Fargo, in a filing today in federal court in Washington, said the U.S. breached the terms of the $5 billion deal by suing in federal court in New York for “hundreds of millions of dollars” based on conduct that the bank is no longer liable for.