United States Ninth Circuit
Silvas v. E*TRADE Mortgage Corp., 06-55556
In a class action suit brought against E*TRADE Mortgage, dismissal of the suit is affirmed where the district court properly dismissed the action based on federal preemption as: 1) the Home Owners' Loan Act, through the Office of Thrift Supervision (OTS), preempted the entire field of lending regulation; and 2) California's Unfair Competition Law sections 17500 and 17200, as applied, are specifically listed under 12 C.F.R. section 560.2(b) as types of state laws OTS intended to preempt.
Appellate Information
- Argued 12/05/2007
- Decided 01/30/2008
- Published 01/30/2008
Judges
- TROTT, Circuit Judge:, Before: HARRY PREGERSON, JOHN T. NOONAN, and STEPHEN S. TROTT, Circuit Judges.
Court
- United States Ninth Circuit
Counsel
- For Appellant:
- Norman B. Blumenthal, David R. Markham, Kyle R. Nordrehaug, Blumenthal & Markham, La Jolla, CA, for the plaintiffs-appellants., Daniel Harris, The Law Offices of Daniel Harris, Chicago, IL, for the plaintiffs-appellants.
- For Appellees:
- Douglas P. Lobel, David A. Vogel, Cooley Godward Kronish, LLP, Reston, VA, for the defendant-appellee., Lori R.E. Ploeger, Cooley Godward Kronish, LLP, Palo Alto, CA, for the defendant-appellee.