First American Settles Title Insurance Policy Spat

Law360, New York (July 15, 2009, 12:00 AM EDT) -- First American Title Insurance Co. and Grafton Partners LLC have struck a settlement deal in a case over First American's rights and obligations to the real estate company under a $16 million title insurance policy on a property in Massachusetts.

The case, lodged in the U.S. District Court for the District of Massachusetts, was settled on Monday, and an order dismissing the case was entered Tuesday. The order gives the parties the right to reopen the case within 60 days if the settlement isn't consummated....
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