May 10 (Reuters) - Lender Processing Services Inc:
* Fdic as receiver for Washington Mutual filed complaint to recover alleged
losses of about $154.5 million
* Fdic contends losses were result of the defendants' alleged breach of
contract with Washington Mutual
* Fdic alleges gross negligence of defendants with respect to provision of
certain services by lsi appraisal
* Says lps believes that any loan losses are not because of appraisal issues -
SEC filing
* Contends services lsi provided satisfied terms and conditions of its contract
with Washington Mutual
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
((For more news, please click here))
May 10 (Reuters) - Lender Processing Services Inc:
* Fdic as receiver for Washington Mutual filed complaint to recover alleged
losses of about $154.5 million
* Fdic contends losses were result of the defendants' alleged breach of
contract with Washington Mutual
* Fdic alleges gross negligence of defendants with respect to provision of
certain services by lsi appraisal
* Says lps believes that any loan losses are not because of appraisal issues -
SEC filing
* Contends services lsi provided satisfied terms and conditions of its contract
with Washington Mutual
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Fdic as receiver for Washington Mutual filed complaint to recover alleged
losses of about $154.5 million
* Fdic contends losses were result of the defendants' alleged breach of
contract with Washington Mutual
* Fdic alleges gross negligence of defendants with respect to provision of
certain services by lsi appraisal
* Says lps believes that any loan losses are not because of appraisal issues -
SEC filing
* Contends services lsi provided satisfied terms and conditions of its contract
with Washington Mutual
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
((For more news, please click here))
May 10 (Reuters) - Lender Processing Services Inc:
* Fdic as receiver for Washington Mutual filed complaint to recover alleged
losses of about $154.5 million
* Fdic contends losses were result of the defendants' alleged breach of
contract with Washington Mutual
* Fdic alleges gross negligence of defendants with respect to provision of
certain services by lsi appraisal
* Says lps believes that any loan losses are not because of appraisal issues -
SEC filing
* Contends services lsi provided satisfied terms and conditions of its contract
with Washington Mutual
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
