City Of L.A., Bankster Agree To $10M Settlement In Slumlord Suit Accusing Deutsche Bank Of Becoming One Of The Major Slumlords In City By Allowing Hundreds Of Foreclosed REOs In Low-Income Neighborhoods To Fall Into Disrepair

In Los Angeles, California, the Los Angeles Times reports:

• When lawyers for the city of Los Angeles took Deutsche Bank to court two years ago, they decried the world’s-fourth largest bank as among the city’s worst slumlords and sought hundreds of millions of dollars in penalties and restitution.
  
  But a settlement announced by city officials Friday only delivered $10 million —none of which will be paid directly by the bank. The bank does, however, have to ensure its foreclosed properties are properly maintained in the city, L.A. officials said.

For more, see L.A. settles for $10 million in Deutsche Bank slumlord lawsuit.