Calif. Plaintiffs Claim Title Insurers Fixed Rates

Law360, New York (March 13, 2008, 12:00 AM EDT) -- The title insurance industry took another hit on Tuesday, when a group of California plaintiffs filed a lawsuit alleging the companies conspired to set rates at supra-competitive prices and offered illegal kickbacks to middlemen.

The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses a slew of title insurance companies of violating state and federal antitrust laws by agreeing to fix the price of title insurance. The suit seeks treble damages and injunctive relief.

According to the complaint, the title insurance...
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