On Monday, the Supreme Court denied certiorari in City of Cleveland v. Ameriquest Mortgages Securities (discussed in our previous post), in which the Sixth Circuit had held that indirect injuries asserted by the City of Cleveland were not enough to allow the City to assert public nuisance claims against banks that provided financing to subprime mortgage lenders and … Continue Reading
The Sixth Circuit has affirmed dismissal of a public nuisance case brought by the City of Cleveland against various companies that financed subprime mortgages in pdf-City of Cleveland v. Ameriquest Mortgage Securities, Case No. 09-3608 (July 27, 2010). Given the recent increase of lawsuits against entities who are farther removed from the plaintiff’s ultimate injury … Continue Reading
