Wells Fargo Appeals Lien: The San Francisco-based...
From Times Staff and Wire Reports
Wells Fargo Appeals Lien: The San Francisco-based bank appealed in U.S. District Court in Los Angeles for relief from a statewide lien on its real estate holdings obtained by Ted Hays, a 78-year-old former developer. Hays recently won a $700,000-judgment against the bank for a mistake that Hays said ruined his business. Wells Fargo claimed that it was exempt from a requirement to post a bond while it appealed the Superior Court judgment, prompting Hays to seek the lien. A hearing is scheduled in federal court today on the bank’s request to lift the lien, which prevents Wells Fargo from selling any of the affected properties.
