Wachovia Bondholders Reach Record Settlement for $627 Million

Wells Fargo stated in a quarterly filing with the Securities and Exchange Commission that it has agreed to settle litigation with Wachovia bondholders for $590 million. Defendant KPMG will pay an additional $37 million, bringing the plaintiffs’ recovery to $627 million.

By |2011-10-31T11:44:04+00:00October 31st, 2011|Uncategorized|Comments Off on Wachovia Bondholders Reach Record Settlement for $627 Million