First American Settles Suit Over Real Estate Loan

Law360, Washington (September 16, 2011, 5:22 PM EDT) -- First American Title Insurance Co. on Friday settled an Arizona lawsuit a short-term lender brought against it, another title insurer and two law firms over a loan for an apartment-to-condominium conversion project.

U.S. District Judge David G. Campbell approved the dismissal of all of GRK Holdings LLC's claims against First American without comment. Attorneys for the parties did not immediately respond to requests for comment Friday.

The dispute dates back to August 2006, when GRK made a $270,000 short-term loan to Shamrock Glen LLC, which was...
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