LoanDepot Blocks Customer Info in CrossCountry Trade Secret Suit

LoanDepot.com LLC won an order Thursday blocking ex-employees from using customer contacts they brought with them to a competitor.

The mortgage company showed both serious questions about whether it would prevail on its Defend Trade Secrets Act claim and that it faced greater hardship than CrossCountry Mortgage LLC if there was no injunction.

On Friday, the US District Court for the Southern District of New York granted the parties’ joint request to stay filing deadlines pending efforts to mediate the dispute.

The injunction entered against CrossCountry blocks the use of basic customer information that former loanDepot employees brought with them. ...