Urban Renewal Via Public Nuisance Suits is a Bad Strategy
Tuesday, May 19, 2009More coverage of a federal judge’s dismissal of the City of Cleveland’s lawsuit against large banks, claiming they had created a public nuisance by securitizing mortgages that went into default. Cleveland Plain Dealer, “Federal judge dismisses lawsuit blaming banks for foreclosure mess in Cleveland”
HousingWire.com, “In Cleveland, Facing Giants and Failing”
Judge Sarah Lioi’s ruling is available here as a .pdf file.
Leave a reply