Bank of America lawsuit dismissed

Bank of America lawsuit dismissed

The Advertiser reports "U.S. District Judge David Ezra has dismissed a lawsuit by a group of Native Hawaiians seeking to halt a merger sought by Bank of America, saying that he lacked jurisdiction to act and that the group lacked standing to bring the suit. Ezra's written decision was issued late Monday, but he hinted strongly that he would dismiss the case during a Thursday court hearing. The suit was an attempt to compel the Federal Reserve Board to block the Bank of America's merger with FleetBoston until the bank first fulfilled a 10-year-old commitment to issue $150 million in mortgage loans to Hawaiian Home Lands homesteaders. That commitment was made in 1994 after the Hawai'i Fair Lending Coalition accused the bank of discriminating against Hawaiians in its lending practices."

But this was only after he strongly scolded the Federal Reserve Board at a previous hearing , called the situation an embarrassment, and said he hopes that if he dismisses the lawsuit based on jurisdictional issues, it will not be taken as a signal the case is without merit.

Posted: Wed - February 25, 2004 at 07:02 AM Hawaiian Independence Blog Hawaiian Programs
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is about Hawaii's status as an independent country under prolonged illegal occupation by the United States, and the history, culture, law & politics of the islands.

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Published On: Dec 27, 2005 10:14 PM

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