Wells Fargo beats lawsuit after stock owner judge’s recusal

By Emilie Ruscoe (April 18, 2022, 7:37 p.m. EDT) — Wells Fargo will not face resurrected allegations that it unfairly attempted to collect money from a Colorado landlord after the original judge of the case revealed that he unknowingly owned shares in the bank when he was presiding over the case.

In an order Friday, U.S. District Judge John L. Kane found that when his predecessor in the case, U.S. District Judge R. Brooke Jackson, dismissed plaintiff Dennis Obduskey’s lawsuit against Wells Fargo, “the undisclosed interest in Wells Fargo could not have had any influence or caused damage to Mr. Obduskey.”

“The circumstances here do not warrant vacatur – the only remedy available…

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