Charmicor, Inc. v. Deaner

EUGENE A. WRIGHT, Circuit Judge:

Plaintiff corporation alleged that its statutory and constitutional rights have been violated by operation of Nevada’s nonjudicial foreclosure statute. The statute confers upon a trustee, pursuant to agreement in a trust deed, power of sale after breach of the underlying obligation by the debtor.

Appellant contends that the statute offends due process by failing to provide a pre-sale hearing and that it offends civil rights statutes and the equal protection clause by discriminating against appellant’s shareholders, who are black.

The district court granted…