1st Circ. Seeks Top Mass. Court's Take On Foreclosure Laws

Law360, New York (November 25, 2013, 6:31 PM EST) -- The First Circuit on Friday asked the Massachusetts Supreme Judicial Court to weigh in on a group of banks’ appeal of a decision allowing the city of Springfield to implement anti-foreclosure ordinances, saying the issues in the case turn on unresolved state law questions.

In December 2011, Springfield, in an effort to regulate the increasing number of residential property foreclosures and prevent safety hazards presented by abandoned houses, passed two ordinances designed to mitigate the problem. Six local banks challenged the laws in state court, but...
To view the full article, register now.




Case Information

Case Title

Easthampton Savings Bank, et al v. City of Springfield

Case Number



Appellate - 1st Circuit

Nature of Suit

3950 Constitutionality of State Statutes

Date Filed

July 30, 2012

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.