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Violation Tracker Individual Record

Company: Stewart Title Guaranty Corporation
Current Parent Company: Stewart Information Services
Penalty: $2,500,000
Year: 2022
Date: December 22, 2022
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: wage and hour violation
Violation Description: New York Attorney General Letitia James announced asettlement withone of the largest title insurance underwriters, Stewart Title Guaranty Corporation, ending harmful no-poach agreements between Stewart and its competitors and requiring Stewart to pay $2.5 million for its wrongdoing. The Office of the Attorney General (OAG) discovered that Stewart and its competitors agreed not to take each other's workers, an illegal practice that reduces workers' earning potential. As a result of the agreement, Stewart will terminate any existing no-poach agreements, pay the state $2.5 million, and cooperate with OAG's ongoing investigations in the industry.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.