Lehman's Bad Faith Claims Stick In Fidelity Coverage Row

Law360, New York (January 3, 2013, 1:58 PM EST) -- A California federal judge on Wednesday said Fidelity National Title Insurance Co. can't dodge bad faith claims in a $15 million coverage lawsuit over a sour real estate investment brought by a Lehman Brothers Holdings Inc. subsidiary even though it's providing a defense in underlying litigation.

Lehman Commercial Paper Inc. is seeking coverage for another company's $15 million claim in a California real estate investment that went bust during the financial crisis, and Fidelity had argued Lehman's bad faith claims were barred because it has been...
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