Real Estate/Development
May 1, 2012
Jury rejects bank’s suit over loan
A Riverside County Superior Court jury rejected a $55 million lawsuit against a title company that a bank accused of committing fraud and fiduciary duty breaches in connection with a multi-million dollar loan on a failed home project.
Daily Journal Staff Writer
RIVERSIDE - A jury here rejected a $55 million lawsuit against a title company that a bank accused of committing fraud and fiduciary duty breaches in connection with a multimillion-dollar loan on a failed home development in Hemet.
A case watched closely by the real estate title insurance, escrow and banking industries, it's part of a wave of litigation from banks facing criticism of their ...
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