Civil Litigation,
Banking,
9th U.S. Circuit Court of Appeals
Jun. 24, 2021
Do bank loan denials affect property values?
Neal K. Katyal, a partner with Hogan Lovells US LLP, argued the city cannot prove a link, a proximate cause, between the alleged injury to individual property owners and the city’s lost tax revenue.
An attorney representing Wells Fargo & Co. told the 9th U.S. Circuit Court of Appeals Wednesday the city of Oakland's Fair Housing Act lawsuit against the bank should be dismissed because too many variables affect property tax revenues.
An en banc panel considered Wells Fargo's motion to dismiss the lawsuit after a three-judge panel last year affirmed U.S. District Judge Edward M. Chen of San Francisco's decision to allow the cas...
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