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. 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.
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.