Wells Fargo (WFC) is sued over mishandling the management of a CDO created by now-defunct...

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

Wells Fargo (WFC) is sued over mishandling the management of a CDO created by now-defunct WestLB, a German state-owned bank. The plaintiff is the German agency created to wind-down the bank's assets, and it blames Wells' mismanagement for causing $160M in losses.