Mortgage Outsourcing Firm Claims Ex-COO Stole Secrets, Big Client

Verity Global Solutions LLC accused its former chief operating officer of starting a rival mortgage-services outsourcing business with a major client while he was still working at Verity.

Verity—which provides mortgage and loan purchasing services—said its former chief operating officer Chetan Patel violated his two-year, non-compete agreement by forming direct competitor, GenWorks Global Solutions LLC before he left Verity, according to a complaint filed in US District Court for the Western District of Texas.

“It should be self-evident that establishing a business to compete with Plaintiff, while still employed as a C-suite executive, does not benefit Plaintiff in any way, ...