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Real Estate/Development

Aug. 19, 2011

Deutsche responds to city's 'slumlord' lawsuit

Facing a novel lawsuit related to the foreclosure crisis, Deutsche Bank claims it is not responsible for the upkeep of hundreds of dilapidated, foreclosed buildings.


By Anna Scott


Daily Journal Staff Writer


LOS ANGELES - Facing a novel lawsuit by the city related to the foreclosure crisis, Deutsche Bank claims it's not responsible for the upkeep of hundreds of dilapidated, foreclosed buildings and cannot be held liable for alleged slum conditions.


Lawyers for Deutsche Bank outlined their stance in a joint status report with Los Angeles city attorneys filed in Superior Court on Aug. 12. The documents la...

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