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  • Los Angeles sues “slumlord” Deutsche Bank

    04/25/2013 9:24:36 PM PDT · by Olog-hai · 7 replies
    TheLocal.de ^ | 25 Apr 13 09:46 CET | (The Local/jcw)
    Deutsche Bank, Germany’s largest, will face legal action in Los Angeles after a US court denied the bank’s bid to dismiss a case claiming it let hundreds of properties fall into disrepair and illegally evicted tenants. … Slamming the bank as a “slumlord,” Los Angeles accused it of illegally evicting low-income tenants to sell houses off at a higher price, letting empty properties fall into disrepair and failing to maintain those being lived in, the website of Der Spiegel magazine reported on Thursday. …