SCOTUS to Consider City of Miami’s Predatory Lending Lawsuit Against Banks

By | Florida Banking Law Blog | August 25, 2016

In a case that will have a direct impact on creditors, the U.S. Supreme Court has agreed to hear an appeal involving the City of Miami’s claims in three related cases that it suffered damages through alleged discriminatory lending practices of residential mortgage lenders including Bank of America, Wells Fargo, and Citigroup.

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New Delaware Chapter 15 Filing – Altos Hornos De México, S.a.B. De C.V.

Francisco Javier Gaxiola Fernández, the foreign representative of Altos Hornos de México, S.A.B. de C.V. (the “Debtor”) in a proceeding under Mexico’s Bankruptcy and Suspension of Payments law pending before the First Civil Court of First Instance for the Judicial District of Monclova, Coahuila, Mexico (the “Mexican Court”) has filed a chapter 15 petition on behalf of the Debtor before the United States Bankruptcy Court for the District of Delaware (Case No. 16-11890). 

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