Wells Fargo Bank sues Lone Star Funds over 2007 Accredited deal

BANGALORE, Dec 24 (Reuters) – Wells Fargo Bank sued Lone
Star Funds [LS.UL] alleging that the private equity firm, which
won the bid to buy Accredited Home Lenders Holding Co in 2007,
implemented a deliberate scheme to purchase the firm for
significantly less than the auction price.

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