Miami Attorneys Sink $8 Million Title Insurance Claim
Defense attorneys say a ruling allowing a plaintiff to claim millions above the damage cap would have hobbled the insurance industry's ability to price policies and assess risk.
November 07, 2017 at 02:29 PM
4 minute read
Levine Kellogg Lehman Schneider + Grossman attorneys defeated an $8 million claim against a title insurer blamed for derailing a commercial real estate project near downtown Fort Lauderdale.
The firm beat back the lawsuit by a successor lender looking to recover millions beyond the policy cap from Fidelity National Title Insurance Co.—a move attorneys say would have hobbled the insurance industry's ability to price policies and assess risk.
“It was a very creative, very opportunistic lender trying to get money … with what we call a 'Hail Mary' lawsuit,” said Levine Kellogg founding partner Jeffrey C. Schneider, who litigated the case with partner Jezabel P. Lima and associate Chad E. Lipsky.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250