The U.S. Supreme Court on Tuesday, Feb. 21 revived a long-running whistleblower lawsuit against Wells Fargo by remanding it to the U.S. Second Circuit Appeals Court, which last year affirmed a lower court’s ruling dismissing the case. The case was filed by Robert Kraus and Paul Bishop, former officials of two banks Wells Fargo acquired. Mr. Kraus and Mr. Bishop brought the complaint in 2011 under the whistleblower provisions of the False Claims Act, which allows private parties to sue on behalf of the government in cases of suspected fraud targeting federal agencies and programs. Mr. Kraus is former controller ... Read More
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