Judge blocks U.S. fund’s lawsuit against Wells Fargo over ‘vol-mageddon’


NEW YORK (Reuters) – A Chicago fund manager cannot pursue a lawsuit against a Wells Fargo & Co (WFC.N) unit over claims the bank cost the fund manager millions by forcing it to sell its holdings during a February market rout, a judge ruled on Tuesday.

People walk by a Wells Fargo banking location in Pasadena, California, U.S., September 8, 2017. REUTERS/Mario Anzuoni/File Photo

LJM Partners Ltd, run by Anthony Caine, returned investors’ money after its complex trades failed spectacularly in the Feb. 5 reversal of fortune in U.S. stocks and related markets that some investors called…



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