NEXA Lending CEO Mike Kortas is dismissing claims that the company misappropriated trade secrets and confidential customer data after being sued by rival lender loanDepot in federal court. The complaint alleges that NEXA knowingly assisted two former loanDepot employees in taking proprietary information before leaving the company and using it to solicit borrowers. The lawsuit […]
NEXA Lending denies loanDepot trade secrets lawsuit Read More »
Donald Trump said last week that his administration will examine how banks are treating homeowners affected by the last year’s Los Angeles wildfires, singling out Wells Fargo for criticism after meetings with local officials. In a post on Truth Social, Trump said he met with Los Angeles Mayor Karen Bass and Los Angeles County supervisor
LA wildfire recovery aftermath draws Trump scrutiny Read More »
An appraisal technology firm is suing a startup founder, claiming the nascent rival used commercially available artificial intelligence tools to recreate its products. Processing Content True Footage sued Automax AI and founder Humza Ahmed last week for fraud, among other counts, in a California federal court, looking to stop the startup from profiting off their
Appraisal firm sues rival for using AI to replicate its tech Read More »