Wells Fargo wins dismissal of shareholder lawsuit over commercial lending

May 8, 2022 Bryan Industry Comments Off

May 6 (Reuters) – A federal judge on Friday dismissed class-action claims that Wells Fargo & Co (WFC.N), the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans.U.S. District Judge William Alsup in San Francisco said shareholders failed to adequately allege that Wells Fargo unjustifiably inflated the quality of its loans, understated loss reserves or misstated its lending practices.Shareholders claimed to have lost billions of dollars in Wells Fargo stock as the San Francisco-based bank in 2020 gradually revealed the “previously unknown level of risk” in its commercial loans.Register now for FREE unlimited access …
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Tesla says California agency implicitly approved of its ‘Autopilot’ brand

December 9, 2023 Comments Off on Tesla says California agency implicitly approved of its ‘Autopilot’ brand

A Tesla Model 3 vehicle drives on autopilot along the 405 highway in Westminster, California, U.S., March 16, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsDec 8 (Reuters) – Tesla Inc (TSLA.O) defended its use of [...]
Elon Musk’s SpaceX Passes Military Starlink Trials Opening Door to Pentagon Contracts

December 9, 2023 Comments Off on Elon Musk’s SpaceX Passes Military Starlink Trials Opening Door to Pentagon Contracts

Elon Musk’s SpaceX Starlink satellite internet service has successfully completed a rigorous nine-month testing period with the U.S. military in the Arctic. Passing the military trials opens the door to Pentagon contracts for the billionaire’s [...]
Australia swelters through heat wave as bushfire risk

December 9, 2023 Comments Off on Australia swelters through heat wave as bushfire risk

New South Wales Rural Fire Service firetruck is seen at a hazard reduction burn site in Sydney, Australia, September 10, 2023. REUTERS/Cordelia Hsu/File Photo Acquire Licensing RightsSYDNEY, Dec 9 (Reuters) – Australia’s southeast on Saturday [...]
Pentagon Holds Joint Exercises with Guyana as Socialist Venezuela Threatens Invasion

December 9, 2023 Comments Off on Pentagon Holds Joint Exercises with Guyana as Socialist Venezuela Threatens Invasion

CARACAS, Venezuela – The United States Southern Command (SOUTHCOM) conducted joint military flight drill operations with Guyana on Thursday, the first such operations since socialist Venezuela declared it would annex most of Guyana. The joint [...]
Green groups at COP28 demand U.S. halt support for LNG

December 8, 2023 Comments Off on Green groups at COP28 demand U.S. halt support for LNG

[1/3]Activists protest against polluting countries during the United Nations Climate Change Conference COP28 in Dubai, United Arab Emirates, December 5, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsDec 7 (Reuters) – More than 250 environmental and [...]

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