Civil Litigation,
Banking,
9th U.S. Circuit Court of Appeals
Aug. 27, 2020
Oakland can sue Wells Fargo over lending practices
In a Wednesday ruling, the panel upheld most of U.S. District Judge Edward M. Chen's denial of a defense dismissal motion and also left open the possibility of the city getting injunctive and declaratory relief from the bank.
A 9th U.S. Circuit Court of Appeals panel has allowed Oakland to continue pursuing a lawsuit against Wells Fargo & Co. for lost property tax revenues because its discriminatory lending practices cost the city revenue.
In a Wednesday ruling, the panel upheld most of U.S. District Judge Edward M. Chen's denial of a defense dismissal motion and also left open the possibil...
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City of Oakland v. Wells Fargo & Co.
City plausibly alleged that its decrease in property-tax revenues had some direct and continuous relation to defendant's discriminatory lending practices to pursue a claim under Fair Hous...
