loanDepot Leaders Claim Legal Victory In CrossCountry Case

By KIMBERLEY HAAS Leaders at loanDepot are saying they are pleased with a federal judge’s decision to grant a preliminary injunction against six former employees and CrossCountry Mortgage. The employees are currently employed by CrossCountry and are accused of taking sensitive customer information from loanDepot to their new employer. On Tuesday, U.S. District Court Judge Edmond Chang of the Northern District of Illinois issued the injunction. Chang found that “there is a likelihood of success on all of loanDepot’s claims against the defendants.” loanDepot’s lawyers claim that CrossCountry and the six former employees misappropriated loanDepot trade secrets; that CrossCountry aided and abetted contractual and fiduciary violations by these recent hires; and that CrossCountry was responsible for tortious interference with the…