The City of Branson and HCW Development, LLC enter into a settlement agreement resolving their multi-million dollar lawsuit against Chicago Title Insurance Company and Fidelity National Financial, Inc.
Under the terms of the settlement, both the city and HCW will receive 90-million dollar title insurance policies, protecting their interests in the Branson Landing development.
In addition, Chicago Title will pay for all of the city’s and HCW’s future legal costs for defense of claims brought against them by Douglas Coverdell and Coverdell Enterprises, Inc.
These claims stem from a lawsuit that began in 2003 concerning North Beach Park. The suit was later expanded to include a portion of the Landing property.
Branson City Attorney William Dustin…
The city and HCW argued they had paid for title insurance policies as part of the construction of the Landing, but Chicago Title failed to honor the policies once claims against them were made by Coverdell.