| Judge awards St. Louis Co. woman $17.8 million | |
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CLAYTON, Mo. (AP) -- A judge has ordered Wells Fargo to pay another $17.8 million to a suburban St. Louis woman who claimed the family trusts were mismanaged.
The ruling Wednesday by St. Louis County Circuit Judge Carolyn Whittington is in addition to $77 million in damages awarded in May to Barbara Burton Morriss of Olivette.
A Wells Fargo spokesman says the company disagrees with the verdict and is considering appeal options.
The St. Louis Post-Dispatch (http://bit.ly/1jAObhN ) report that it wasn't a complete win for Morriss. The judge also ordered her to pay $5.9 million, ruling that she was partly at fault for losses.
Morris filed suit in 2012. It alleged that San Francisco-based Wells Fargo failed to fully disclose financial transactions in two family trusts that were drained of millions of dollars.
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Information from: St. Louis Post-Dispatch, http://www.stltoday.com
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Wells Fargo is a exploration company based in United states of america. Wells Fargo is listed in United States of America. Its market capitalisation is US$ 299.4 billions as of today (€ 279.8 billions). Its stock quote reached its lowest recent point on July 03, 1997 at US$ 10.01, and its highest recent level on April 26, 2024 at US$ 59.91. Wells Fargo has 4 997 319 680 shares outstanding. |