Guaranteed Rate ordered to pay $25M to Mount Olympus Mortgage for data theft

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Guaranteed Rate ordered to pay $25M to Mount Olympus Mortgage for data theft American Lawyer Media’s Litigation Daily featured Manatt’s trial victory on behalf of orange county-based mount olympus mortgage Co. (MOMCo), for which the firm helped secure a .1 million verdict in a suit against Guaranteed Rate, Inc., the second-largest private mortgage bank in the country, and a former MOMCo.

Mortgage lender wins $23 mln jury verdict for computer file theft.. based Guaranteed Rate. In its complaint, mount olympus claimed one of its former employees, mortgage banker Benjamin Anderson.

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Late last month a jury awarded Mount Olympus Mortgage Company (MOMC) more than $25 million for their claims against Guaranteed Rate (Guaranteed), which alleged Guaranteed along with other former employees of MOMC illegally transferred hundreds of loan files from MOMC’s internal systems to Guaranteed. While the award rightfully highlights some.

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