US Bank Can Sue Title Co. For Negligence: Ind. Court

Law360, New York (July 1, 2010, 7:28 PM EDT) -- The Indiana Supreme Court has ruled that U.S. Bank NA can pursue negligence claims against a title insurance agency that failed to alert lenders to a previous foreclosure before a real estate closing, despite finding that the agency, Integrity Land Title Corp., was not party to a contract at issue.

The court issued a ruling Tuesday affirming the dismissal of contract claims U.S. Bank brought against the agency but reversing the dismissal of a negligence claim, finding that the “economic loss rule” does not prevent the...
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