Litigation
Aug. 8, 2013
No reason to abandon jurisdictional parity for a state icon
The doctrine of jurisdictional parity, gleaned from congressional intent, has guided national bank jurisdictional questions for well over a century. There is no reason to abandon that principle for Wells Fargo. By David S. Olson
The worst economic downturn since the Great Depression has spawned myriad lawsuits by residential and commercial borrowers in California against their lenders, including for wrongful foreclosures, breach of loan modification agreements, and related wrongdoing. Wells Fargo Bank, the world's fourth largest bank, is a defendant in many such cases, which is not surprising given its ubiquitous presence in California. Wells Fargo has roughly 6,200...
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