First American Can't Duck Suit Over Lehman RE Loan

Law360, New York (March 6, 2013, 3:09 PM EST) -- A California federal judge on Tuesday said First American Title Insurance Co. can't dodge Fidelity National Title Insurance Co.'s attempt to draw it into a $15 million coverage battle with a Lehman Brothers Holdings Inc. subsidiary over a busted real estate deal.

U.S. District Judge Josephine S. Tucker declined to dismiss Fidelity's December amended third-party complaint, saying Fidelity has adequately stated its case that First American should be connected to the Lehman Commercial Paper Inc. allegations. The judge, however, tossed Fidelity's initial third-party complaint filed in...
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