Litigation
Jan. 5, 2016
LA's slumlord suit against banks moves forward
A suit alleging banks neglected foreclosed properties in Los Angeles defeated summary judgment.
Daily Journal Staff Writer
A suit seeking to hold banks responsible for blighting neighborhoods with unkempt, vacant and unsafe foreclosed homes defeated several motions for summary judgment last week and will move forward in 2016.
In 2012 the Los Angeles City Attorney's office sued U.S. Bank N.A., roughly 20 other financial service entities who are trustees of U.S. Bank's securitized mortgages, and 2,500 Doe defen...
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