4th Circuit Holds Mortgage Company Did Not Show Misappropriation Of Trade Secrets

Mealey's (July 9, 2018, 11:24 AM EDT) -- RICHMOND, Va. — After holding that a mortgage-servicing company failed to submit “fact-specific” evidence showing that a former employee’s alleged misappropriation of trade secrets to another entity that hired her proximately caused its revenue to decline, the Fourth Circuit U.S. Court of Appeals on July 3 affirmed a summary judgment ruling that the information did not contain trade secrets (360 Mortgage Group, LLC v. Home Point Financial Corporation, et al., No. 17-1014, 4th Cir., 2018 U.S. App. LEXIS 18158)....