First Midwest Bank, N.A. v. Stewart Title Guaranty Co.

Chief Justice Thomas and Justices Freeman, Fitzgerald, Kilbride, Garman, and Karmeier concurred in the judgment and opinion.

OPINION

In this appeal we are asked to decide whether the plaintiff, First Midwest Bank (First Midwest), may recover economic losses from defendant, Stewart Title Guaranty Company (Stewart Title), in a suit for negligent misrepresentation based on Stewart Title’s issuance of a title commitment and policy of title insurance. The circuit court of Cook County held that First Midwest could not state a cause of action for negligent misrepresentation against Stewart Title and…