April 28, 2020 / 6:43 PM / a month ago

Florida city cannot revive Wells Fargo discriminatory lending lawsuit

A federal appeals court said Miami Gardens, Florida cannot revive a lawsuit accusing Wells Fargo & Co of discriminatory lending, rejecting the city’s claim that it was deprived a fair chance to gather evidence against the fourth-largest U.S. bank.

In an 8-2 decision on Monday, the 11th U.S. Circuit Court of Appeals in Atlanta declined to review en banc a July 2019 ruling by a three-judge panel that Miami Gardens lacked standing because it offered no evidence it was injured by Wells Fargo’s practices.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2xl1lwa

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