NPPD says Wells Fargo misled it about risks

Published



COLUMBUS, Neb. (AP) — The managers of Nebraska Public Power District’s retirement plan have accused Wells Fargo of misleading them about the risks associated with a securities lending investment program.

NPPD retirement plan managers sued the San Francisco-based bank for $1.5 million last month, and the lawsuit was moved from Nebraska courts to federal court in early November.

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