Wells Fargo obtains dismissal of class-action style fair-lending claims concerning alleged mortgage practices
Clients Wells Fargo Bank, National Association
Jones Day client, several Wells Fargo Bank, National Association affiliates, obtained dismissal of a class-action style fair-lending action brought by various municipalities concerning alleged residential mortgage practices.
U.S. District Court Judge Michael L. Brown agreed with the defendants, holding that plaintiffs failed adequately to plead any timely violations of the Fair Housing Act within the applicable statute of limitations and that most of plaintiffs’ alleged theories of injury were too attenuated to be actionable under the U.S. Supreme Court’s proximate cause standard. The court dismissed the entire complaint without prejudice based on the limitations period and held that plaintiffs cannot replead their inadequate proximate cause allegations.
Fulton County, Georgia, et al. v. Wells Fargo & Co., et al., No. 1:21-cv-01800-MLB (N.D. Ga.)