Deutsche Bank Sued by L.A. for Evicting Low-Income Tenants
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Deutsche Bank AG was sued by the Los Angeles city attorney for allegedly failing to maintain foreclosed properties and illegally evicting low-income tenants.
The bank has become “one of the major slumlords in the city” by buying more than 2,200 properties through foreclosure and letting vacant buildings fall into disrepair, Los Angeles City Attorney Carmen Trutanich said today at a press conference. The bank also unlawfully evicted tenants in order to sell buildings, he said.