Stewart Settles Title Insurance Overcharge Action

Law360, New York (October 12, 2010, 1:09 PM EDT) -- Title insurance provider Stewart Title Guaranty Co. has agreed to settle a more than two-year-old class action filed over what the lead plaintiffs claimed was rampant overcharging for title insurance on refinanced mortgages.

Class members will potentially be able to recover the entire amount of the alleged overcharge, if the U.S. District Court for the District of Connecticut grants final approval to a settlement agreement filed Friday.

The settlement will not draw from a limited common fund, so the exact value of the settlement is unclear....
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