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Litigation

Mar. 26, 2016

Mortgage company to pay $25M for misappropriating rival's data

Guaranteed Rate Inc. and an employee were found liable for taking hundreds of client files from Orange County Rival TRU Mortgage.

By America Hernandez
Daily Journal Staff Writer

National mortgage company Guaranteed Rate Inc. and an employee were found liable for $25 million on fraud and misappropriation of confidential information claims for taking client data from a local rival in Orange County.

"I am hopeful that our successful pursuit of this case sends a strong message to companies engaged in unethical recruiting tactics: Don't steal computer data from your co...

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