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
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....”