City of Sacramento v. Wells Fargo & Co.

Good Law
United States District Court, Eastern District of CaliforniaAugust 22, 20192:18-cv-00416California9,069 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA 10 CITY OF SACRAMENTO, No. 2:18-cv-00416-KJM-GGH Plaintiff, v. ORDER WELLS FARGO & CO.; WELLS FARGO

15 Defendants.

17 The City of Sacramento (“the City”) sues Wells Fargo & Co. and Wells Fargo Bank, N.A. (collectively “Wells Fargo”), alleging Wells Fargo has for more than a decade engaged in a pattern or practice of discriminatory mortgage lending in violation of the federal Fair Housing Act and California’s Fair Employment and Housing Act. For the following reasons, the court GRANTS in part and DENIES in part Wells Fargo’s motion to dismiss. I. BACKGROUND Against the backdrop of “[m]ajor banks[’] . . . long history of engaging in redlining throughout Sacramento[,]” the City alleges that since at least 2004, Wells Fargo has maintained a pattern and practice of discriminatory lending in Sacramento that constitutes redlining and reverse redlining. Compl., ECF No. 1, ¶¶ 9−11 (footnotes omitted). While…

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