$2.8 Billion Title Insurance Claim

Published November 30, 2009 | By Jeanne

A suit by title insurers involves a $2.8 billion (yes, with a B) Las Vegas financing package. Construction overruns, a failed effort to sell condo-hotel units in Vegas and the economic market felled the Vegas project. The suit by Fidelity National alleges that a myriad of holding companies are hiding owners from dutifully paying costs. Details at Miami Herald