County of Cook v. HSBC North America Holdings Inc.
District Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
JOHN Z. LEE, United States District Judge
Cook County has filed a claim under the Fair Housing Act (“FHA”) 42 U.S.C. §§ 3601-19, against Defendants HSBC North America Holdings, Inc., and its various subsidiaries and affiliates. The County alleges that Defendants discriminatorily targeted minority homeowners in Cook County for predatory subprime mortgage loans, which resulted in thousands of housing foreclosures. According to the County, these foreclosures in turn caused a decline in tax revenue, an erosion of the County’s tax base, harm to the County’s ability to…
2Cases cited55 opinions
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- Lujan v. Defenders of WildlifeSupreme Court of the United States · 1992
- Warth v. SeldinSupreme Court of the United States · 1975
- Lujan v. National Wildlife FederationSupreme Court of the United States · 1990
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