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Wells Fargo doesn't have to pay clients $203 million: court
Reuters: Business News
Wed, 26 Dec 2012
SAN FRANCISCO (Reuters) - A U.S. appeals court vacated an injunction and a $203 million restitution order against Wells Fargo & Co in consumer litigation over the bank's overdraft policies, according to a ruling issued on Wednesday.
T2 Partners' founder and 'Mortgage Meltdown' author Whitney Tilson says WellsFargo could be worth $60 per share, but the road just ahead will be rocky.