Lawsuit won't stop eminent domain plan, mayor says

Gayle McLaughlin, mayor of Richmond, Calif., said a lawsuit from trustees representing BlackRock, Fannie Mae and Freddie Mac opposing the city's use of eminent domain to seize underwater mortgages will not stop the city from proceeding. "We feel strongly that we're on legal ground," she said. "We're not afraid of going into the courtroom. We believe our legal reasoning will prevail."

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