X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Judge Dearie http://nycourts.law.com/CourtDocumentViewer.asp?view=Document&docID=85942 LAWSUITS BY eight black first-time homebuyers alleging that New York’s United Homes LLC and a number of lawyers, appraisers, and lenders targeted minorities as part of a conspiracy to sell over-valued, defective homes financed with predatory loans, as part of a fraudulent property-flipping scheme, may proceed. In plaintiffs’ action for breach of anti-discrimination statutes, including the Fair Housing Act, the court determined that there were two core issues: Did plaintiffs sufficiently plead racial discrimination and were their claims against the individual defendants – lawyers, appraisers, lenders, and United Homes’ president – pleaded with sufficient specificity. Finding in plaintiffs’ favor the court, said that “[t]aken together, [plaintiffs'] allegations permit the inference that defendants sought to lure minority homebuyers into fraudulent transactions.” It also noted that “the highly interdependent nature of the alleged scheme underscores the contribution of each defendant to the conspiratorial endeavor.”

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.