January 3, 2018 / 10:56 PM / in 2 months

Nationstar accused of trade secret theft over home valuation product

Nationstar Mortgage was hit with a lawsuit on Tuesday by Hawaii-based data analytics company Collateral Analytics accusing the mortgage servicer of stealing trade secrets to create a knock-off product for valuing U.S. real estate.

Filed in San Francisco federal court, the lawsuit said Nationstar, a customer of Collateral Analytics, used what it learned from the analytics company to copy its tools and create a competing product, violating a confidentiality agreement and numerous state and federal laws.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2E1nnl7

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