A Wells Fargo spokesperson said Tuesday, "We can confirm we reached a settlement, the terms are private, any financial impact has been account for, and we're pleased to have the matter resolved." Well's exit from the complaint reduces the total number of plaintiffs challenging MBIA's transformation to eight with several others dropping out and some merging. No reason was provided for Wells Fargo's exit from the case. However, court records show both sides agreed to pay their own court costs and attorneys fees. Wells could not be reached for comment. Plaintiffs still named in the suit include BNP Paribas, HSBC Bank USA (HBC), Merrill Lynch International, Bank of America (BAC), Morgan Stanley Capital Services Inc. (MS), Natixis, Natixis Financial Products, The Royal Bank of Scotland (RBS), Societe Generale and UBS AG. Write to Kerri Panchuk.