Minnesota nonprofits win $30 million case against Wells Fargoby Cathy Wurzer, Minnesota Public Radio,
Jeff Horwich, Minnesota Public Radio
A Ramsey County jury has ruled against Wells Fargo bank in a case involving nonprofits. The Minneapolis Foundation, the Medical Foundation, and others say Wells Fargo invested their money in securities the bank knew were risky. Media reports say the nonprofits have been awarded about $30 million in damages, and today, the judge hears arguments over punitive damages.
MPR's Cathy Wurzer spoke with reporter Jeff Horwich has been covering this story for Marketplace.
- Morning Edition, 06/03/2010, 7:45 a.m.
Cathy Wurzer is the host of Morning Edition for MPR News.