By Katryna Perera (January 28, 2022, 9:22 PM EST) — The city of Sacramento’s lawsuit against Wells Fargo alleging discriminatory lending practices will end per a stipulated dismissal filed in California federal court on Friday, after the city of Oakland accepted defeat in a similar case in the Ninth Circuit.
Sacramento, Oakland and other major cities across the U.S., including Los Angeles, Miami, Philadelphia and Baltimore, initiated suits against Wells Fargo following the 2008 financial crisis claiming that the bank engaged in discriminatory lending practices.
The suits started with City of Miami v. Bank of America Corp. et al., in which the South Florida city sought a court win that could…
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
