U.S. District Court for the Central District of California Thursday dismissed a civil claim filed against Lender Processing Services (LPS) by the Federal Deposit Insurance Corp. (FDIC), which accused the mortgage vendor of gross negligence in appraisals conducted for the now defunct Washington Mutual, Seattle.

In May the FDIC, the receiver for WaMu, sued LPS, claiming the mega-thrift lost at least $154 million due to the vendor's behavior.

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