City of Richmond: The Next Kelo?
Environmental Law & Property Rights and Financial Services & E-Commerce Practice Groups Teleforum
Yesterday, a lawsuit was filed in an attempt to halt a plan by the City of Richmond, California, to seize home loans using the power of eminent domain. While most of the loans are "under water," most are also performing -- monthly payments are being made by homeowners in a timely fashion. The claimants assert that the City of Richmond plan is unconstitutional in at least one of several potential respects, making arguments about under-valuation and public use. Is this another Kelo v. New London moment for the courts? Are the claims ripe? These and other questions will be addressed during our Teleforum, which will be open to the press.
Featuring:
- Professor Richard A. Epstein, Laurence A. Tisch Professor of Law, New York University School of Law
Yesterday, a lawsuit was filed in an attempt to halt a plan by the City of Richmond, California, to seize home loans using the power of eminent domain. While most of the loans are "under water," most are also performing -- monthly payments are being made by homeowners in a timely fashion. The claimants assert that the City of Richmond plan is unconstitutional in at least one of several potential respects, making arguments about under-valuation and public use. Is this another Kelo moment for the courts? Are the claims ripe? These and other questions will be addressed during our Teleforum, which will be open to the press.
Featuring:
- Professor Richard A. Epstein, Laurence A. Tisch Professor of Law, New York University School of Law
Call begins at 12:00 noon Eastern Time.
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