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1 Min Read A federal judge in San Francisco has chosen a Hawaii-based pension fund to lead a highly watched case accusing Wells Fargo of shoddy underwriting affecting commercial mortgage-backed securities. U.S. District Judge William Alsup on Monday named Hawaii Employees’ Retirement System (HERS) the lead plaintiff in the case claiming the faulty mortgage lending practices that contributed to the 2008 financial crisis also infected Wells Fargo’s commercial loan portfolio. The fund alleges losses of $17 million, which Alsup said put it ahead of Norfolk Pension Fund, another proposed lead plaintiff which claimed it lost $6 million. To read the full story on Westlaw Today, click here: bit.ly/2QbVfat

San franciscoUnited statesJody godoyThomson reuters trust principlesNorfolk pension fundWells fargoJudge william alsupHawaii employee retirement systemWestlaw todayThomson reuters trustCmbs wellsசான் பிரான்சிஸ்கோஒன்றுபட்டது மாநிலங்களில்ஜோடி கோடோய்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்நார்ஃபோக் ஓய்வூதியம் நிதி