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loanDepot charges competitor with poaching
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Case Law, Nonbank Financial
Wednesday, July 5, 2023
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loanDepot filed a lawsuit against Movement Mortgage, alleging the company engaged in a coordinated effort to “lure away” 25 of loanDepot’s former employees, “crippling” some loanDepot branches. The lender further alleged some of those former employees accessed and misappropriated confidential and trade secret documents when they left loanDepot’s employment.
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