Danny Ecker
‏@DannyEcker
BREAKING: Guaranteed Rate has purchased naming rights to U.S. Cellular Field. Will be known as Guaranteed Rate Field thru 2030.
LOL
Thanks fucking awful. At least Cellular Field or The Cell was semi okay.
Wait, this breaks on the same day?!
Guaranteed Rate ordered to pay $25M in alleged loan diversion scheme
Chicago-based Guaranteed Rate was ordered to pay more than $25 million in damages for an alleged corporate espionage scheme that seems straight out of the play "Glengarry Glen Ross," with an employee diverting hundreds of loan applications from a rival mortgage company.
A California jury this week found that Guaranteed Rate and loan officer Benjamin Anderson defrauded his former employer, Mount Olympus Mortgage, by downloading and transferring more than 200 active loan files and personal financial data on 900 borrowers before switching firms nearly two years ago.
"It was quite an elaborate scheme," said Chad Hummel, a Los Angeles-based partner with Sidley Austin who represented Mount Olympus Mortgage. "He transferred all of the data without our consent or any of the customers' consent."