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loanDepot notches partial win in scrap with CrossCountry

loanDepot registered a partial win against CrossCountry in a trade secret and employment-separation dispute. 

The California-based mortgage lender sued its rival in April 2022 claiming that six former employees — Steve Schneider, Cindy Smolin, Samantha Siegel, Fernanda Baske, Bob Bowman, and John Noyes — left the company to join CrossCountry after accessing, downloading and taking confidential client information and breaching their employments agreements and fiduciary duties. 

The court quickly imposed a temporary restraining order to the case, which prohibited the former employees from using documents and mandated the return of the filings containing customer information that loanDepot claims they improperly took to CrossCountry. The order details ⇒

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