Printer Friendly

JURY IN LAWYERS TITLE OF NORTH CAROLINA AND JEFFERSON-PILOT TITLE INSURANCE CASE RETURNS VERDICT AGAINST INVESTORS TITLE COMPANY

 JURY IN LAWYERS TITLE OF NORTH CAROLINA AND JEFFERSON-PILOT TITLE
 INSURANCE CASE RETURNS VERDICT AGAINST INVESTORS TITLE COMPANY
 CHAPEL HILL, N.C., April 6 /PRNewswire/ -- A jury in a case brought by Lawyers Title of North Carolina and Jefferson-Pilot Title Insurance Company has returned a verdict against Investors Title Company (NASDAQ-NMS: ITIC), Investors Title Insurance Company and Investors Title Agencies in North Carolina. J. Allen Fine, President of Investors Title Insurance Company, stated:
 "We believe the jury verdict was based on a misconception of the
 law and failure to understand that relationships between title
 companies and lender-owned agents are legitimate and well
 accepted throughout the United States."
 Investors Title Insurance Company, through its legal counsel, advised the Court that it would be filing motions to set aside the jury verdict and request a new trial. Fine stated that if the trial court did not set the verdict aside that the Company would appeal to the Fourth Circuit Court of Appeals.
 "In the interim, we will take all necessary steps to adjust our
 practices to comply with any orders that may be entered, and we
 will continue to provide the very best service to our title
 insurance customers," Fine said.
 -0- 4/6/92
 /CONTACT: Glenda H. Oxendine, Investors Title Company, 919-968-2200/
 (ITIC JP LTCO) CO: Lawyers Title of North Carolina; Jefferson-Pilot Title
 Insurance Company; Investors Title Company; Investors Title
 Insurance Company; Investors Title Agencies ST: North Carolina IN: INS SU:


DF -- CH006 -- 5475 04/06/92 15:24 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 6, 1992
Words:249
Previous Article:FIRST FEDERAL'S ACQUISITION OF WARREN FIVE ANDOVER BRANCH FINAL
Next Article:STRUCTURE NAMES TED MARLOW VICE PRESIDENT - GENERAL MERCHANDISE MANAGER


Related Articles
EVA SEARLE NAMED UNDERWRITING MANAGER OF INVESTORS TITLE'S UNDERWRITING OFFICE IN CHAPEL HILL, NORTH CAROLINA
JEFFERSON-PILOT RELEASES STATEMENT REGARDING RESIDENTIAL TITLE INSURANCE JURY VERDICT
LAWYERS TITLE OF NORTH CAROLINA RELEASES STATEMENT REGARDING RESIDENTIAL TITLE INSURANCE JURY VERDICT
INVESTORS TITLE COMPANY DECLARES CASH DIVIDEND
SETTLEMENT ANNOUNCED IN LONG-STANDING DISPUTE AMONG TITLE INSURANCE COMPANIES IN NORTH CAROLINA
Executive essay.
LAWYERS TITLE CORPORATION PLANS NORTH CAROLINA ACQUISITION
FIRST AMERICAN ACQUIRES JEFFERSON-PILOT TITLE

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters