FDIC Seeks $946K In Damages Before Chicago Title's Retrial

By Celeste Bott (May 2, 2019, 5:59 PM EDT) -- The Federal Deposit Insurance Corp. on Thursday asked an Illinois federal judge to delay a retrial in a fraudulent real estate flip case against Chicago Title Insurance Co. and to instead issue judgment on the roughly $946,000 a jury awarded on its breach of contract claim against the title company.

Chicago Title won a redo last month in an FDIC lawsuit over allegedly fraudulent "flip transactions" of real estate properties when U.S. District Judge Andrea R. Wood found there was an error in the jury instructions given in the September 2017 trial. But her order limits the new trial to three...

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