Ohio Supreme Court decertifies class based on statutory bar of class action damages for 2020 mortgage release delays

On February 19, the Ohio Supreme Court affirmed in part and reversed in part a lower court ruling in a dispute brought under Ohio’s mortgage-release statute (R.C. 5301.36), holding that the trial court erred in certifying the class because of a legislative amendment prohibiting collection of damages for certain violations via class action.... By: Orrick, Herrington & Sutcliffe LLP