• October 11, 2010

U.S. Magistrate Judge Susan Richard Nelson (D. Minn.) issued a stern notice to Wells Fargo and MBIA Insurance Corp. to get off the dime.   Wells Fargo sued MBIA back in May but the case then languished on the Court’s docket without so much as an answer from MBIA or even a stipulation extending the time to answer or otherwise respond to the complaint (which, incidentally, alleges a somewhat complicated imbroglio arising in the context of defaults and distributions in student loan trusts).  Wells Fargo voluntarily dismissed the case with prejudice Saturday morning.

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