Mahon v. Chicago Title Insurance Company
United States District Court
for the District of Connecticut
IF YOU REFINANCED A RESIDENTIAL MORTGAGE IN CONNECTICUT
YOU MAY BE ENTITLED TO BENEFITS FROM A CLASS ACTION SETTLEMENT
There is a Proposed Settlement with Chicago Title Insurance Company in the class action lawsuit, Mahon v. Chicago Title Insurance Company, Case No. 3:090-cv-00690-AWT, pending in the U.S. District Court for the District of Connecticut.
What is this lawsuit about?
The lawsuit involves the title insurance premium paid in connection with real estate closings. The lawsuit claims that Chicago Title charged too much for lenders’ title insurance policies in some mortgage refinance transactions. Chicago Title denies all wrongdoing.
Who is a Class Member?
Class Members include persons or entities who, at any time from January 1, 2000, to September 26, 2006 (the “Class Period”), refinanced one or more mortgages on residential property in Connecticut and paid an amount more than the refinance rate for a lender’s title insurance policy issued by Chicago Title but could have qualified for the refinance rate (see details in the full Notice available under the Notice/Claim section of this website).
What does the Proposed Settlement provide?
Class Members who submit a valid claim (“Authorized Claimants”) will be entitled to a payment of $150 each, unless the total amount of valid claims exceeds $200,000, in which case each Authorized Claimant will receive a pro rata share of $200,000.
Who represents me?
The Court has appointed Motley Rice LLC as Class Counsel to represent the Class. Class Counsel will request that Chicago Title pay attorneys’ fees, costs, and expenses up to $275,000. You may hire your own attorney, if you wish, at your own expense.
What are my legal rights?
- You may file a claim.
- To submit a claim, you must go to the online Claims filing section of this website. You must provide all of the information requested. You must use the personal identification number (“PIN”) that was mailed to you to submit a claim via the website. Your claim must be submitted on the website by 11:59 p.m. (EST) on May 29, 2018.
- Alternatively, you can call 1-866-742-4955 and request that a Proof of Claim form be sent to you. That Proof of Claim form must be completed, signed, verified, dated, and postmarked no later than May 29, 2018, and sent to the Claim’s Administrator’s address listed below.
- If you do not want to be legally bound by the Proposed Settlement, you must exclude yourself in writing, postmarked by May 29, 2018, and sent to the Claim’s Administrator’s address listed below. Your communication must include your name, current mailing address, and telephone number; the address of the property for which you purchased title insurance issued by Chicago Title or its agents in connection with the refinancing of a mortgage loan during the Class Period; and a clear statement that you wish to be excluded from the Proposed Settlement; and be personally signed by you (and your lawyer if you are represented by counsel).
- You may object to any aspect of the Proposed Settlement. Your written objection must be postmarked by May 29, 2018, and filed and mailed as set out in the Notice of Proposed Class Action Settlementreferred to below. You also may request in writing to appear at the Final Settlement Hearing.
Please do not contact the Court.
Will the Court approve the Proposed Settlement?
The Court will hold a Final Settlement Hearing on July 5, 2018, before the Honorable Alvin W. Thompson in the South Courtroom, at the United States District Court, 450 Main Street, Hartford, Connecticut, to consider (i) whether the Proposed Settlement is fair, reasonable, and adequate; and (ii) the motion for attorneys’ fees, costs, and expenses, and payment of an incentive award to Plaintiff Deborah Mahon as class representative. If objections have been received, the Court will consider them at that time.
RG/2 Claims Administration
P.O. Box 59479
Philadelphia, PA 19102-9479