After the 2012 settlement, the government filed a wide-ranging complaint against Wells Fargo in federal court in New York alleging further wrongdoing, this time on the bank’s origination and underwriting of thousands of individual, federally insured mortgages.
Wells Fargo said its prior settlement broadly released the bank from liability for any company-wide conduct having to do with false annual certifications to the government.
In a 3-0 ruling, the U.S. Court of Appeals for the District of Columbia Circuit says the settlement was much narrower.
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