Ocwen Financial Corp. said it lost a $12.7 million jury verdict tied to its former bank subsidiary. Cartel Asset Management brought the case against the West Palm Beach-based mortgage servicing company and Ocwen Loan Services, the successor to its former savings institution, Ocwen Federal Bank. The vendor accused them of misappropriation of trade secrets and violating its contract.
Ocwen Financial loses $13 million verdict
Most Popular Articles
Latest Articles
Former Homesnap employees stole trade secrets over online marketplace tech, CoStar alleges HW+
CoStar has sued former Homesnap employees over the alleged theft of its trade secrets, according to court filings.
-
Four of the biggest MLSs in the Southeast have formed an alliance HW+
-
California finally passes RON legislation HW+
-
Florida Bankers Association names Kathy Kraninger as CEO HW+
-
Home prices and mortgages keep rising, and it might get worse still HW+
-
Rocket Pro TPO raises conforming loan limits to $750,000 ahead of FHFA decision HW+
