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Sixth Circuit addresses FDIC’s rights under CPL
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Court Report
Monday, April 28, 2014
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The 6th U.S. Circuit Court of Appeals addressed the FDIC’s rights under a closing protection letter when a title insurer appealed a final judgment entered in favor of the FDIC for $2.3 million. The insurer argued that the district court erred by granting summary judgment to the FDIC on the issue of liability for breach of a closing protection letter and upholding the jury’s verdict over its objections.
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