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Baltimore files revised Wells Fargo suit



The city is trying to keep alive its litigation blaming urban decay on mortgage lenders. The Baltimore Sun quotes the tart response of Andrew L. Sandler, an attorney representing the bank, who notes that plaintiff's attorney John Relman has filed a similar action in Memphis:

"One year, they file a suit saying that the lender didn't make enough loans in minority communities: redlining. The next year, they file a suit saying that they made too many loans in minority communities: reverse red-lining," Sandler said. "This is just a commercial enterprise for these lawyers. ... The same lawyers have been shopping the same complaint to various municipalities for two years."

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.