New York’s lawsuit against the title insurer First American Corp. can proceed, a state appeals court in Manhattan ruled Tuesday.
Neither federal law nor rules of the Office of Thrift Supervision bar the New York attorney general from suing First American and its eAppraiseIT unit, the court decided.
Attorney General Andrew M. Cuomo sued in 2007, accusing First American of inflating home values under pressure from Washington Mutual Inc.
First American reincorporated June 1 under the name CoreLogic Inc. as part of the separation of First American Financial Corp. and CoreLogic into independent, publicly traded companies.
