Mealey's Banking & Finance - 11th Circuit: Receiver Can Amend Ponzi Scheme Complaint Against Bank

Mealey's Banking & Finance - 11th Circuit: Receiver Can Amend Ponzi Scheme Complaint Against Bank

ATLANTA - The 11th Circuit U.S. Court of Appeals on May 6 disagreed with a district court's ruling that amendment of a complaint alleging that Wells Fargo Bank N.A. aided and abetted a Ponzi scheme would be futile, vacating the lower court's decision (Jonathan E. Perlman v. Wells Fargo Bank N.A., No. 12-14345, 11th Cir.).

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