Thursday, May 2, 2013

Deutsche Must Face LA 'Slumlord' Claim Suit

From Bloomberg: Deutsche Bank must face a lawsuit by Los Angeles claiming the bank let foreclosed properties in low-income neighborhoods fall into disrepair and illegally evicted tenants to sell foreclosed buildings.

California Superior Court Judge Elihu Berle at an April 8 hearing denied Deutsche Bank’s request to dismiss the city’s lawsuit, according to court minutes.

“The court’s denial of Deutsche Bank’s motion and rejection of its attempt to avoid responsibility represents a significant win for the City of Los Angeles,” City Attorney Carmen Trutanich said yesterday in an e-mailed statement. “This ruling will now allow our action to move forward to trial and ultimately to holding the bank accountable....”

No comments:

Post a Comment