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FNC Data Mining Lawsuit Settles Quietly
In February of this year,
the United State Court of Appeals Fifth Circuit, reversing a lower court decision, allowed
the lawsuit to continue. Recently, the suit settled. Neil Olson, FNC Chief Legal Officer said, “FNC is delighted that the lawsuit has been resolved and excited to continue to serve our clients to the best of our abilities. We are unable to comment on the terms of the suit as they remain confidential and we respect those terms for both parties involved.”
The firm representing the appraisers is Marzouk
& Parry, located in Washington, D.C. About the Author David Brauner is Editor of Working RE magazine and Senior Broker at OREP.org, a leading provider of E&O Insurance for appraisers, inspectors and other real estate professionals in 49 states (OREP.org). He has covered the appraisal profession for over 16 years. He can be contacted at dbrauner@orep.org or (888) 347-5273. Calif. Insurance Lic. #0C89873.
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