The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a widely watched mortgage foreclosure case that could have serious implications for the nation’s largest banks.
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A jury has decided against punitive damages against Wells Fargo, a day after awarding $29.9 million to four nonprofits.
Wells Fargo has been ordered to pay nearly $30 million to four nonprofits who argued their investments were not safe, as the bank contended.