A series of federal lawsuits filed by eight black first-time homebuyers alleging that New York’s United Homes targeted minorities as part of a conspiracy to sell over-valued, broken-down homes financed with predatory loans will go forward following a federal judge’s rejection of the defendants’ motions to dismiss.
Eastern District of New York Chief Judge Raymond J. Dearie in Brooklyn whittled the parties’ “protestation and hyperbole” down to two core issues: Did the plaintiffs sufficiently plead their racial discrimination claims and were the claims against the individual defendants — about a half dozen lawyers, appraisers and lenders, along with the president of United Homes, Yaron Hershco — pleaded with sufficient specificity?
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]