Wells Fargo seeks to toss Tribe's $100m fraud lawsuit

Wells Fargo has asked a US judge to dismiss a lawsuit brought by the Seminole Tribe of Florida that accuses the bank and its predecessor Wachovia of mismanaging a $1.4bn trust for the benefit of tribal youths, citing that the federal law demands that the lawsuit be dismissed.

By Jack Newsham (March 3, 2016, 2:20 PM EST) -- Wells Fargo asked a Florida federal judge on Tuesday to toss a lawsuit brought by the Seminole Tribe of Florida that accuses the bank and its predecessor of mismanaging a $1.4 billion trust for the benefit of tribal youths, saying federal law demands that the suit be dismissed....

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