Case Study: Levi V. Commonwealth

Law360, New York (December 15, 2011, 3:09 PM EST) -- In late September, a New York federal district court awarded an insured summary judgment finding that the defendant title insurance company was liable for indemnification where the relevant mortgage was found to be unenforceable due to fraud.

In Levi v. Commonwealth Land Title Ins. Co., No. 09 Civ. 8012 (SHS), (S.D.N.Y. 2011), plaintiff Larry Levi established that a mortgage he had obtained through a series of complicated events was invalid due to the initial fraudulent nature of the transaction and that the insurance policy he purchased...
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