Jury Awards Calif. Mortgage Co. $25M For Rival’s Data Theft

There’s a follow-up to an insider theft case previously noted on this site.

Y. Peter Kang reports:

A California state jury on Tuesday awarded $25.1 million in damages to Mount Olympus Mortgage Co., finding rival mortgage lender Guaranteed Rate Inc. liable for illegally transferring hundreds of private consumer loan files from MOMCo’s computer systems, according to plaintiff’s attorneys.

Read more on Law360 (sub. req.)

About the author: Dissent