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EQUITY INCOME v. CHICAGO TITLE INS. CO.

No. CV-16-0162-CQ.

387 P.3d 1263 (2017)

EQUITY INCOME PARTNERS, LP, an Arizona Limited Partnership; Galileo Capital Partners Limited, a Cayman Islands Exempted Company, Plaintiffs/appellants, v. CHICAGO TITLE INSURANCE COMPANY, a Delaware Corporation, Defendant/appellee.

Supreme Court of Arizona.

Filed February 7, 2017.

Attorney(s) appearing for the Case

Dennis I. Wilenchik (argued), Tyler Q. Swensen , Wilenchik & Bartness, P.C., Phoenix, Attorneys for Equity Income Partners, LP and Galileo Capital Partners Limited

Daniel E. Fredenberg (argued), Fredenberg Beams , Phoenix, and Patrick J. Davis , Nathaniel B. Rose , Fidelity National Law Group, Phoenix, Attorneys for Chicago Title Insurance Company

Ari Ramras , Ramras Legal, PLC, Phoenix, Attorneys for Amicus Curiae Land Title Association of Arizona

JUDGE BARTON authored the opinion of the Court, in which CHIEF JUSTICE BALES, VICE CHIEF JUSTICE PELANDER, and JUSTICES BRUTINEL and BOLICK joined.

¶ 1 The United States Court of Appeals for the Ninth Circuit was recently asked to decide what impact, if any, a lender's full-credit bid made at an Arizona trustee's sale has on an insurer's liability under standard form title insurance policies. See Equity Income Partners, LP v. Chi. Title Ins. Co.,...

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