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Title insurer seeks new trial in FDIC suit
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Court Report
Wednesday, April 3, 2019
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Acting as receiver for a bank, the Federal Deposit Insurance Corp. sued a title insurer for breach of contract, breach of fiduciary duty, negligence and negligent misrepresentation based on the company’s actions when acting as escrow agent for four fraudulent transactions funded by the bank. The case went to trial where the jury found the insurer liable on all counts. The title company then filed a post-trial motion for a new trial. Read on for more details.
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