As Antitrust Probe Unfolds, CoreLogic Hires New Chief Legal Officer
Aaron Henry, who most recently served as the general counsel for MoneyGram International Inc., takes over as CoreLogic's chief legal officer about five months after the exit of his predecessor, Arnold Pinkston.
November 07, 2019 at 05:33 PM
3 minute read
CoreLogic Inc., a real estate analytics and data powerhouse that was pulled into a federal antitrust investigation earlier this year, has a new top lawyer.
Aaron Henry, who most recently served as the general counsel for MoneyGram International Inc., took over as CoreLogic's chief legal officer on Monday, about five months after the exit of his predecessor, Arnold Pinkston.
Pinkston joined CoreLogic in January 2018 and left in June of this year, shortly after the Justice Department hit the company with a civil investigative demand as part of a probe into "practices that may unreasonably restrain competition in the provision of real-estate brokerage services in local markets in the United States, including Greater Las Vegas."
CoreLogic stated in a filing with the Securities and Exchange Commission that Pinkston was pursuing another opportunity and his "resignation was not the result of any disagreements with the company."
The Irvine, California-based firm operates databases of 4.5 billion records and describes itself as North America's largest multiple listing service platform. Several other MLS vendors also received civil investigative demands in connection with the antitrust probe.
In April, federal investigators sent Pinkston a letter demanding that CoreLogic hand over documents related to searches on the firm's multiple listing service based on the amount of compensation being offered to buyer brokers.
Investigators also requested any documents related to the firm's policies and practices for its usage, distribution, sale or licensing of MLS data.
In May, the Austin Board of Realtors in Texas accused CoreLogic of improperly selling MLS data that could have been used to inflate real estate appraisals, according to a report from the Austin Business Journal.
A spokeswoman for CoreLogic said Henry was unavailable for an interview on Thursday, a day after the firm announced his appointment. He will oversee the company's global legal and compliance functions and serve on the executive committee.
CoreLogic CEO Frank Martell trumpeted Henry as a "talented, high-impact leader." He added in a prepared statement that Henry's "experience building high-performing teams, combined with a strong knowledge of global regulatory matters, compliance, government and external affairs, privacy and litigation management will serve him well in his new role."
Henry spent nearly nine years at MoneyGram, joining as an associate general counsel and chief privacy officer before he was promoted in 2012 to executive vice president, GC and corporate secretary. He received $1.49 million in total compensation last year.
Robert Villasenor has stepped in as interim GC in the wake of Henry's departure, according to a Nov. 5 SEC filing.
Earlier in his career, Henry served senior in-house roles at the Western Union Co. and First Data Corp. He is a graduate of the George Washington University Law School.
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