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California Title Insurance Industry Litigation

  
Lieff Cabraser Heimann & Bernstein, LLP, in coordination with parallel litigation brought by the California Attorney General, reached settlements in 2003 and 2004 with the leading title insurance companies in California, resulting in historic industry-wide changes to the practice of providing escrow services in real estate closings. The settlements brought a total of $50 million in restitution to California consumers, including cash payments.
In the lawsuits, plaintiffs alleged, among other things, that the title companies received interest payments on customer escrow funds that were never reimbursed to their customers. The defendant companies include Lawyers' Title, Commonwealth Land Title, Stewart Title of California, First American Title, Fidelity National Title, and Chicago Title.
Lieff Cabraser partner Michael Sobol commented on the litigation, "Secretly making money with someone else's money and keeping it for yourself is inherently unfair. We are proud that these settlements end this alleged misconduct and help restore to consumers the value of the property taken from them."
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP is a fifty-plus attorney law firm that has represented plaintiffs nationwide since 1972. We have offices in San Francisco, New York and Nashville. We represent plaintiffs in class and group actions and in individual lawsuits in cases involving substantial losses. For the last five years, the National Law Journal has selected Lieff Cabraser as one of the top plaintiffs' law firms in the nation.
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This website is sponsored by Lieff Cabraser Heimann & Bernstein, LLP, a national plaintiffs' law firm.

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Firm Website: www.lieffcabraser.com


Notice: Lieff Cabraser attorneys provide legal advice and practice law for clients in federal district courts throughout the United States and in state courts where we are licensed to practice. In states in which our lawyers are not licensed to practice, we have affiliations with local attorneys who serve as co-counsel with our firm. Please read our disclaimer.

Copyright © 2008 Lieff Cabraser Heimann & Bernstein, LLP
 

Consumer Protection
Consumer Protection practice area
We seek to halt unfair business practices that harm consumers nationwide. Learn more.
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