Litigation
Jan. 9, 2016
Redlining litigation stayed pending 9th Circuit decision
Four state court suits alleging predatory lending practices by Bank of America, JP Morgan Chase, Citigroup and Wells Fargo will await the outcome of similar claims at the federal level.
Daily Journal Staff Writer
LOS ANGELES - A superior court judge on Thursday stayed four consolidated suits brought by the Los Angeles city attorney alleging predatory lending practices by Bank of America Corp., Wells Fargo Bank N.A., Citigroup Inc. and JP Morgan Chase & Co. pending the outcome of two nearly identical federal suits currently before the 9th U.S. Circuit Court of Appeals.
"The gu...
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