Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-ared-4_09-cv-00422/USCOURTS-ared-4_09-cv-00422-2/pdf.json

Parties Involved:
First Community Bank of Batesville
Defendant
Marci Ingram
Defendant
Landmark Closing Company
Defendant
Old Republic National Title Insurance Company
Plaintiff

Document Text:

IN THE UNITED STATES DISTRICT COURT
 

EASTERN DISTRICT OF ARKANSAS
 

OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY PLAINTIFF 

VS. CASE NO. 4.09-CV-0422 JLH 

LANDMARK CLOSING COMPANY, 

MARCIINGRAM, and 

FIRST COMMUNITY BANK OF BATESVILLE DEFENDANTS 

CONSENT JUDGMENT 

Came before the Court the Complaint filed by Old Republic National Title 

Insurance Company ("Plaintiff' or "Old Republic"), Plaintiff appearing through 

counsel, and Defendants landmark Closing Company ("landmark") and Marci 

Ingram ("Ingram") appearing through Court appointed counsel, and from the 

pleadings, record, statement of counsel, consent of the parties and all other matters 

before the Court, finds as follows: 

1. That on or about August 24, 2006, Old Republic, as the Insurer, and 

landmark, as the Agent, entered into a written Agreement for Appointment of Policy 

Issuing Agent for Old Republic National Title Insurance Company (lithe Agency 

Agreement"). By virtue of the Agency Agreement Landmark was appointed a policy 

issuing agent for Old Republic for the purpose of "signing, countersigning and 

issuing title insurance commitments, binders, title reports, certificates, guarantees, 

title insurance policies, endorsements, and other agreements regarding the condition 

of title...concerning real estate located in" White County, Arkansas. In furtherance 

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Case 4:09-cv-00422-DPM Document 78 Filed 05/26/10 Page 1 of 4
of its duties as a policy issuing agent. Landmark opened financial accounts, escrow 

accounts. 

2. That Ingram is the president and principal shareholder of Landmark, 

and in that capacity served as manager of the day-to-day operations and 

employee(s) of Landmark, and had access to and control of the escrow and other 

financial accounts and other assets of Landmark, including, but not limited to, closing 

files, Old Republic title commitments and Old Republic title policies for individual 

real estate transactions. in the name of, belonging to, or under the control of 

Landmark.. 

3. That in June of 2009. Old Republic conducted an audit of Landmark 

pursuant to Section 11 of the Agency Agreement. As a result of this audit, Old 

Republic cancelled the Agency Agreement and instituted this action. seeking the 

relief sought in the Verified Complaint filed herein. 

4. That the actions of Landmark and Ingram have resulted in claims and 

losses having been paid by Old Republic in the aggregate amount of $431.213.04, 

exclusive of attorneys' fees and legal costs. 

5. That Defendants Landmark Closing Company and Marci A. Ingram, as 

evidenced by the authorized signatures below, hereby consent to judgment against 

them. jointly and severally, in the total amount of $460,000.00, plus costs in the 

amount of $542.00. plus interest at the rate of 5% per annum from the date of entry 

of this judgment. 

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Case 4:09-cv-00422-DPM Document 78 Filed 05/26/10 Page 2 of 4
IT IS, THEREFORE, BY THE COURT, CONSIDERED, ORDERED AND 

ADJUDGED that the Plaintiff, is hereby awarded judgment, jointly and severally, 

against Defendants, Landmark Closing Company and Marci A. Ingram, in the 

amountofthe sum of$460,OOO.00, plus costs in the amount of $542.00, plus interest 

at the rate of 5% per annum from the date of entry until paid. 

/0

RICT JUDGE 

Date: Lt?,t 'LQ)( /) 

AGREED TO: 

IVj./"\.J?tT"~""'SING COMPANY 

APPROVED BY: 

PatfickiOS ~~f.2.--. ROSE LAW FIRM, a Professional Association 

120 East Fourth Street 

Little Rock, AR 72221-2893 

(501) 377-0307 

Ark. Bar No. 73042 

ATTORNEYS FOR LANDMARK CLOSING COMPANY and MARCIINGRAM 

3 

Case 4:09-cv-00422-DPM Document 78 Filed 05/26/10 Page 3 of 4
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY 

By:_(2, ':J $k,~ /d-t) 

TITLE: Y::IC;; p,'?to:SlDSAI'i 

Page 4 of 4 

Case 4:09-cv-00422-DPM Document 78 Filed 05/26/10 Page 4 of 4