Abacus article from Lexology (registration) - Federal court rules that receipt of "Wells Notice" does not trigger reporting liability

Author wrote : " Federal court rules that receipt of "Wells Notice" does not trigger reporting liabilityLexology (registration)Their complaint was based on the defendant's receipt of a Wells Notice arising out of the defendant's 2007 underwriting of a collateralized debt obligation (CDO) transaction known as "Abacus." The plaintiffs claimed that the defendant allowed one of its clients "

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