Mortgage lender wins $23 mln jury verdict for computer file theft.. based Guaranteed Rate. In its complaint, Mount Olympus claimed one of its former employees, mortgage banker Benjamin Anderson.
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A jury awarded mount olympus mortgage Co. more than $25 million in a lawsuit alleging "corporate espionage" by former employee Benjamin Anderson and his new employer, Guaranteed Rate. Anderson and another former mount olympus originator who now works for Guaranteed Rate, Brian Decker, were accused of stealing loan files, borrower information and other proprietary data from the Irvine, Calif.
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Lending Guaranteed Rate ordered to pay $25M to Mount Olympus Mortgage for data theft Loan officer accused of stealing loan files, taking them to new employer
add that the loan officer associated with the Olympus mortgage co. has left the company: "In March 2016, Guaranteed Rate and one of its loan officers was found guilty in California of diverting loans from Mount Olympus Mortgage, and ordered to pay $25 million in damages to the Irvine-based company.
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ContentsHarvey weinstein hunkeredJudge hammers bad-faithCapital finance hilco completedInterviewees talk candidlyAmy Gallo is a contributing editor at Harvard Business Review and the author of the HBR Guide to Dealing with Conflict at Work.She writes and speaks