Urban Renewal Via Public Nuisance Suits is a Bad Strategy

By May 19, 2009Briefly Legal

More 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.

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