Lawyers from Sidley Austin and Manatt, Phelps & Phillips scored a $25 million jury verdict on behalf of a California-based mortgage bank that said its ex-employees illegally transferred hundreds of private consumer loan files to a competitor.
After a seven-week trial, an Orange County Superior Court jury on Tuesday sided with Mount Olympus Mortgage Co. in a verdict that included $13 million in punitive damages against an ex-employee and its competitor Guaranteed Rate Inc.
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