UWM Holdings Corp. and CEO Mat Ishbia defeated a proposed class action accusing them of pressuring mortgage brokers to boycott two rival wholesale lenders in violation of antitrust law.
Judge Wendy W. Berger of the US District Court for the Middle District of Florida in a Monday order adopted a magistrate judge’s report and recommendation to toss the suit.
The ruling comes as the mortgage company faces accusations by former and current employees who have complained of racial disparities, sexual harassment, and bullying by managers.
Ishbia is also the owner of the NBA’s Phoenix Suns.
In adopting a report by ...
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