The Docket: N.Y. Court Rules Underwriter Not Liable for Misappropriation of Funds

December 6, 2012

A New York district court ruled that the underwriter owed no duty to the bank over funds misappropriated in two refinancings. Read on to learn why it's important to clearly define and have in writing prior to the closing a settlement agent's responsibility.

Please Log In to View


Contact ALTA at 202-296-3671 or communications@alta.org.

19689