June 23, 2010

San Diego Jury Awards Over $10 Million in Punitive Damages Against Title Companies

The New York Times reports that a San Diego jury has awarded the $1.1 million in compensatory damages and $5.7 million in punitive damages against the Chicago Title Company and the Chicago Title Insurance Company for their role in an allegedly fraudulent real estate transaction. The story reports that the same jury also awarded $2.1 million in compensatory damages and $5.2 million in punitive damages against Rollo Richard Norton II, the alleged mastermind of the fraudulent scheme.