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NATIONAL ASIAN AMERICAN COALITION v. NEWSOM

No. C079835.

33 Cal.App.5th 993 (2019)

NATIONAL ASIAN AMERICAN COALITION et al., Plaintiffs and Appellants, v. GAVIN C. NEWSOM, as Governor, etc., et al., Defendants and Appellants.

Court of Appeals of California, Third District.

April 2, 2019.

Attorney(s) appearing for the Case

Jenner & Block, Rick Richmond , L. David Russell , Jeffrey A. Atteberry , Alexander M. Smith , Neil M. Barofsky , Jessica Ring Amunson , Ava U. McAlpin , and Robert L. Gnaizda , for Plaintiffs and Appellants.

Remcho, Johansen & Percel, Robin B. Johansen and Margaret R. Prinzing , for Defendants and Appellants Gavin C. Newsom , as Governor, and Keely Bosler , Director of Finance.

Richard J. Chivaro , Ronald V. Placet and David I. Brownfield , for Defendant and Appellant Betty T. Yee , Controller.

OPINION

This appeal arises out of the subprime mortgage crisis, a nationwide banking emergency that began in 2007 with the collapse of a housing financing bubble created in large part by an increase in housing speculation and subprime lending practices. This crisis led to a deep recession in the United States and around...

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