Is the City of Miami too far removed from alleged discriminatory lending practices to sue banks for damages under the Fair Housing Act?
Matthew T. Nelson and Gaëtan Gerville-Réache, partners at Warner Norcross & Judd LLP, wrote an amicus brief for DRI in Bank of American v. Miami, which the Supreme Court ruled on yesterday. Matt talked with Bloomberg Radio today about the 5-3 ruling, which remanded the case to the lower court.
“This ruling is a win for the civil justice system in that it reaffirms that liability only attaches to the direct consequences of misconduct, which is a principle our legal system has held to for more than a century,” Matt told Bloomberg Radio. “The idea here is that the alleged discriminatory lending has to have directly caused injuries to the City of Miami in order for the City of Miami to recover damages. Although Miami can maintain the lawsuit, it has been remanded to the lower court to determine if injuries are direct.”
To listen to the entire interview, click here.
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