Judge Orders Wells To Turn Over Evidence, Execs To Appear At Depositions In City Of Baltimore "Ghetto Loans" Case

In Baltimore, Maryland, WJZ-TV Channel 13 reports:

• Baltimore has won an early battle in its lawsuit against Wells Fargo. A federal judge ruled Thursday that the lender must turn over data on its Baltimore loans and make company officials available for depositions. The city sued Wells Fargo early last year, arguing that it targeted minorities for bad loans that led to widespread foreclosures and cost the city millions of dollars. Wells Fargo denies that race was a factor in its loan rates. The case moved into the discovery phase only recently. Wells Fargo attorneys sought to narrow discovery at Thursday's hearing, but U.S. District Judge J. Frederick Motz went along with the plaintiffs' request. Motz replaced U.S. District Chief Judge Benson Everett Legg, who recused himself after discovering what he called "a potential conflict of interest."

Source: City Wins Round In Wells Fargo Lawsuit.

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