Old Republic To Pay $3.3M To End Rate-Gouging Suit

Law360, New York (January 13, 2009, 12:00 AM EST) -- Old Republic National Title Insurance Co. has agreed to pay $3.3 million to settle a class action suit that accused the company of overcharging for title insurance in residential refinance transactions in New Jersey.

Old Republic and lead plaintiffs Anna and Carlos Barandas filed a joint motion for preliminary approval of the class action settlement and class certification Monday in the U.S. District Court for the District of New Jersey.

Under the settlement, Old Republic would pay $3.3 million into a settlement fund to cover the...
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