Wells Fargo wins in securities lending suit

BCBS of Minnesota and others claimed it misrepresented its securities lending program

Wells Fargo & Co. is off the hook in a suit brought by Blue Cross Blue Shield of Minnesota and other institutional investors claiming the bank misrepresented the safety of its securities lending program. Plaintiffs wanted Wells Fargo to pay $8.2 million to recover their losses.

But a federal judge rejected the claims yesterday.


Cathleen Flahardy

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