In a recent development in the mortgage industry, loanDepot has accused Movement of causing harm to its business operations. This accusation stems from Movement’s alleged aggressive hiring of over 25 employees within a concise timeframe, which loanDepot perceives as a deliberate strategy to potentially disrupt its operations and gain a competitive advantage in the market.
Key points:
– loanDepot alleges that Movement’s rapid recruitment of employees is damaging its business.
– Movement has hired over 25 employees in just three months, a move that loanDepot views as a strategic attempt to undermine its market position.
– The accusation highlights the competitive nature of the mortgage industry and the lengths companies may go to gain an edge in the market.
You can read this full article at: https://www.housingwire.com/articles/loandepot-movement-mortgage-file-motion-to-dismiss-poaching-lawsuit/(subscription required)
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