Friday, July 6, 2007

Fidelity National says unit won't be indicted

(Reuters) - Fidelity said that in February 2005, Chicago Title had
agreed with several federal and state regulators to pay a civil
fine and upgrade its internal controls to settle probes into
matters relating to these loans. The unit did not admit
wrongdoing.




Fidelity said it is still cooperating with the U.S.
Attorney. It disclosed the decision in a U.S. Securities and
Exchange Commission filing. The Jacksonville, Florida-based
company's shares rose 10 cents to $23.70 in afternoon trading.


Read more at Reuters.com Bonds News

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