Real Estate/Development
May 6, 2011
L.A. Suit Calls Deutsche Bank a "Slumlord"
The Los Angeles City Attorney has sued the financial instution for hundreds of millions of dollars over dilapidated properties left in the wake of the mortgage meltdown.
Daily Journal Staff Writer
LOS ANGELES - In what appears to be a novel approach to holding big banks accountable for the foreclosure crisis, the Los Angeles city attorney sued Deutsche Bank, leveling sweeping allegations that it allowed hundreds of foreclosed properties to fall into slum conditions and illegally evicted tenants.
City officials are seeking hundreds of millions of dollars in penalties and an injunction forcing the...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In