Legal Opinion
Mayor of New York v. Council of New York
New York Supreme Court
Decided January 26, 2004PublishedCited by 3 opinions
1Opinion of the Court
*153OPINION OF THE COURT
Michael D. Stallman, J.
In this action for injunctive and declaratory relief, plaintiffs challenge the validity of Local Law No. 36 (2002) of City of New York (codified in Administrative Code of City of NY § 6-128).1
Facts
Local Law No. 36 prohibits the City of New York from providing financial assistance to, contracting for goods or services with, or depositing City funds in, any financial institution (or affiliate) that issues, purchases, or invests in a minimum number of certain loans, which it defines as “predatory”: high-cost home loans, with an annual percentage rate,…
2Cases cited24 opinions
- Hines v. DavidowitzSupreme Court of the United States · 1941
- Fidelity Federal Savings & Loan Ass'n v. De La CuestaSupreme Court of the United States · 1982
- Jones v. Rath Packing Co.Supreme Court of the United States · 1977
- Smiley v. Citibank (South Dakota), N. A.Supreme Court of the United States · 1996
- Barnett Bank of Marion County, N. A. v. NelsonSupreme Court of the United States · 1996
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3Cited by3 opinions
- American Financial Services Ass'n v. City of ClevelandOhio Supreme Court · 2006
- Mayor of the City of New York v. Council of the City of New YorkNew York Supreme Court, New York County · 2004
- New York Bankers Ass'n v. City of New YorkDistrict Court, S.D. New York · 2015