Wells Fargo Wins Possession of Three Parking Garages in Stockton
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Wells Fargo & Co., in a lawsuit it filed as a bond trustee against financially ailing Stockton, California, was awarded possession of three parking garages.
San Joaquin County Superior Court Judge Roger Ross in Stockton yesterday made the decision about who controls the garages after Stockton missed a $779,935 payment on lease revenue bonds issued in 2004.