Federal Deposit Insurance Corporation v. Chicago Title Insurance Company

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION FEDERAL DEPOSIT INSURANCE ) CORPORATION, as Receiver for Founders ) Bank, ) ) Plaintiff, ) ) No. 12-cv-05198 v. ) ) Judge Andrea R. Wood CHICAGO TITLE INSURANCE ) COMPANY, et al., ) ) Defendants. ) MEMORANDUM OPINION AND ORDER Plaintiff Federal Deposit Insurance Corporation (“FDIC”), acting as Receiver for Founders Bank, sued Defendants Chicago Title Insurance Company and Chicago Title and Trust Company (together, “Chicago Title”) for breach of contract, breach of fiduciary duty, negligence, and…