Chicago Title Faces $12M Suit Over Bad Mortgages

Law360, New York (June 3, 2011, 6:09 PM EDT) -- LNV Corp. filed suit Thursday against Chicago Title Insurance Co., seeking nearly $12 million for its alleged refusal to pay claims under policies that insured mortgage lien positions on a pair of commercial properties in Pennsylvania.

LVN, a receiver for Columbian Bank and Trust Co., which held the policies, accuses Chicago Title of failing to compensate it for losses covered by the policies after the bank’s lien positions were compromised.

The suit claims LNV is owed at least up to the policies’ limit and alleges breach...
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Case Information

Case Title

LNV CORPORATION v. CHICAGO TITLE INSURANCE COMPANY


Case Number

2:11-cv-03559

Court

Pennsylvania Eastern

Nature of Suit

Insurance

Judge

R. BARCLAY SURRICK

Date Filed

June 2, 2011

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