March 10, 2018 / 1:45 AM / 10 months ago

Colombian businessman's heirs lose lawsuit against Wells Fargo

Wells Fargo does not have to face a lawsuit by a Colombian businessman’s heirs for turning over his assets to satisfy a judgment won by former hostages of a Colombian rebel group, a federal judge in Florida has ruled.

In a decision on Thursday, U.S. District Judge Richard Lazzara said Wells Fargo properly complied with a 2013 court order to turn over the assets of the late businessman, Abdala Saieh, and did not owe his heirs a duty to defend against the order.

To read the full story on Westlaw Practitioner Insights, click here:

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