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City of Memphis and Shelby County, et al. v. Wells Fargo Bank, N.A., et al.

  • Practice Area(s): Fair & Responsible Banking, Litigation
  • Attorney(s): Sandler, Andrew L.; Klubes, Benjamin B.; Tucker, Jonice Gray; Hletko, Valerie L.
  • Case Date(s): 2009
  • Court: W.D. Tenn.
  • Judge: Anderson, S. Thomas
  • State: Tennessee
  • Docket No. 2:09-CV-02857

Ongoing representation of Wells Fargo in lawsuit brought by City of Memphis and Shelby County, Tennessee, and watched closely by municipalities across the country, alleging that Wells Fargo engaged in “reverse redlining” in violation of the Fair Housing Act. The City and County assert that Wells Fargo targeted African-American consumers for unaffordable and discriminatory mortgage loans, which resulted in default and a disproportionate number of foreclosures and vacancies in African-American neighborhoods, and that Wells Fargo is responsible in some part for increased municipal costs and decreased property tax revenue in connection with these properties.