2011-11-07jacksonville.com

``The Federal Deposit Insurance Corp., which became the receiver of Washington Mutual after the bank failed in 2008, filed a $154.5 million claim in May against LPS, contending appraisal services by an LPS subsidiary set the stage for losses when loans went bad... The judge limited the FDIC's claim to breach of contract, LPS said in its regulatory filing. LPS said the contract between its subsidiary LSI Appraisal LLC and Washington Mutual limits liability to $10,000 per claim.''


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