WASHINGTON, D.C. - A federal judge in the District of Columbia on April 17 denied dismissal of a suit in which the Federal Deposit Insurance Corp, as the receiver for a failed bank, alleges that a closing agent failed to detect a fraudulent sale, disagreeing with the closing agent's arguments that closing instructions are never legally enforceable, the closing instructions lacked consideration, the allegations of damages are insufficient and any damages were not caused by the closing agent's...(read more)![]()
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