Law360, Los Angeles (January 7, 2016, 10:25 PM EST) -- A California judge on Thursday ruled that the City of Los Angeles can pause its suits accusing Wells Fargo, Bank of America, JPMorgan Chase and Citigroup of discriminating against nonwhite housing borrowers, saying the city's appeal to the Ninth Circuit of its loss in related federal suits should be resolved first.During Thursday's hearing, before taking up the banks' demurrer to the consolidated suit, Los Angeles Superior Court Judge Elihu M. Berle considered the city's motion to stay the suit alleging Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp. and CitiGroup Inc. violated the state's Unfair Competition... 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. TRY LAW360 FREE FOR SEVEN DAYS
Bank of America, Citigroup, JP Morgan and Wells Fargo have had a lawsuit by the City of Los Angeles paused by a Californian judge, stating that the city's appeal to the Ninth Circuit of its loss in related federal suits should be resolved first. The suit was filed on behalf of residents who were affected by the bank's foreclosure practices.