Full 9th Circ. Hands Wells Fargo Win In Oakland Loan Suit

By Craig Clough (September 28, 2021, 10:35 PM EDT) -- The full Ninth Circuit granted a win Monday to Wells Fargo in Oakland's suit alleging predatory loan practices aimed at minorities hurt tax revenue, reversing a lower court's decision to preserve claims and holding the California city's purported injuries are too far downstream from violations of the Fair Housing Act.

The panel said in a published opinion authored by Circuit Judge M. Margaret McKeown that the city's lawsuit requires too much of a chain reaction theory of injuries too far removed from Wells Fargo's conduct, adding that the FHA does not support a cause for injuries more than one step removed...

Stay ahead of the curve

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.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!