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: Cleveland Law Library Weblog

Cleveland Lost Negligence Suit Alleging Banks Caused Local Foreclosure Crisis

By Cleveland Law Library

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The Sixth Circuit court has affirmed the Akron District Court's dismissal of Cleveland's nuisance suit alleging that subprime lending tactics by 22 financial entities caused the local foreclosure crisis. The Sixth Circuit's decision devolved to a proximate cause analysis, with the Court concluding that: "the connection between the alleged harm and the alleged misconduct is too indirect to warrant recovery." See our prior post about the district court decision and links to additional information.

Full post as published by Cleveland Law Library Weblog on July 29, 2010 (boomark / email).

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