Legal battle escalates as CrossCountry Mortgage challenges arbitrator's decision, citing excessive award calculation and venue dispute in high-stakes employment conflict.
Tagged: Poaching
Deran Pennington, a former top sales executive at Movement Mortgage, alleges that Movement breached his contract by failing to pay his full compensation.
Lender sues Movement, claiming it illegally lured away 25 employees in 6 states.
Case was dismissed without prejudice in Seattle but could be refiled in California.
The Dallas-based mortgage arm of PlainsCapital Bank accused First Community Mortgage of poaching 100 employees.
loanDepot sought to prevent CrossCountry Mortgage from using its customer info from former employees.
Suit accuses Stockton of a 'brazen and unlawful scheme ... to solicit and hire over 30 Success Mortgage employees.'
Magistrate judge recommends CrossCountry file a motion to dismiss.
Union Homes raided 51 employees responsible for over $400 million in origination volume last year, the lawsuit states.