Litigation
Jul. 3, 2013
LA settlement casts doubt on foreclosure suits' legal theory
The recent settlement of a lawsuit between the Los Angeles city attorney's office and Deutsche Bank could cast doubt on a legal theory being used to hold banks accountable for the decay of vacant properties they own.
See correction below
By Chase Scheinbaum
Daily Journal Staff Writer
LOS ANGELES - The recent settlement of a lawsuit between the Los Angeles city attorney's office and Deutsche Bank could cast doubt on a legal theory being used to hold banks accountable for the decay of vacant properties they own following the mortgage crisis.
The terms of the settlement, reached Friday, do not call for the bank to pay any money for t...
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