Wells Fargo Bank : Wells Fargo Mortgage Backed Securities Trust : Mortgage Pass-Through Certificates, Series 2006-AR15

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Stanford Law School

Wells Fargo Bank : Wells Fargo Mortgage Backed Securities Trust : Mortgage Pass-Through Certificates, Series 2006-AR15 Summary: According to the complaint dated August 10, 2010, many of the facts related to the 2006-AR 15 Trust Series of Mortgage Pass-Through Certificates pursuant or traceable to Wells Fargo Asset Securities Corporation's September 20, 2006 Registration Statement, and the accompanying Prospectus and Prospectus Supplement. This action arises from the sale of approximately $400 million in mortgage pass-through certificates pursuant to the Registration Statement. The Certificates were supported by pools of mortgage loans that the parent company or its affiliates originated or purchased.

The Offering Documents contained untrue statements of material fact, or omitted to state material facts necessary to make the statements therein not misleading, regarding: (i) the underwriting standards purportedly used in connection with the origination of the underlying mortgages; (ii) the maximum loan-to-value ratios used to qualify borrowers; and (iii) the appraisals of the properties underlying the mortgages.

On October 19, 2010, the Court issued an order denying the plaintiffs' Motion to Intervene and granted the defendants' motion, thereby dismissing the case with prejudice.

INDUSTRY CLASSIFICATION:
SIC Code: 6189
Sector: Financial
Industry: Regional Banks

COMPANY/ISSUER NAME:	Wells Fargo Mortgage Backed Securities Trust
COMPANY/ISSUER TICKER:	WFC
COMPANY WEBSITE:	www.wellsfargo.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

First Star Bank, et al. v. , : Wells Fargo Mortgage Backed Securities Trust et al.

COURT: N.D. California	DOCKET NUMBER: 10-CV-3508
JUDGE NAME: Hon. Richard Seeborg
DATE FILED: 08/10/2010	SOURCE:
CLASS PERIOD START: 09/20/2006	CLASS PERIOD END: 08/10/2010
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Cotchett Pitre & McCarthy (Burlingame) 840 Malcolm Road, Suite 200, Burlingame, CA, 94010 (voice) 650.697.600, (fax) 650.697.600, Hagens Berman Sobol Shapiro LLP (Berkeley) 715 Hearst Avenue, Suite 202, Berkeley, CA, 94710 (voice) 510.725.3000, (fax) 510.725.3000, info@hbsslaw.com Hagens Berman Sobol Shapiro LLP New Seattle 1918 Eighth Ave. Suite 3300, Seattle, WA, 98101 (voice) 206.623.7292, (fax) 206.623.0594, Levetown & Jenkins, LLP 700 12th Streert, NW, Suite 700, Washington, DC, , (voice) (202) 379-4899, (fax) , _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 4

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint for Violations Of The Securities Act Of 1933
Type: Complaint		Date on the document: 08/10/2010
Tentative Order Granting Underwriter Defendants' Motion To Dismiss
Type: Order		Date on the document: 10/05/2010
Order Granting Underwriter Defendants' Motion To Dismiss
Type: Order		Date on the document: 10/19/2010
Plaintiffs' Notice Of Appeal To The United States Court Of Appeals For The Ninth Circuit
Type: Notice of Appeal		Date on the document: 10/25/2010
U.S. District Court Civil Docket
Type: Docket		Date on the document: 11/29/2010

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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