PARAMOUNT RESIDENTIAL MORTGAGE GROUP, INC. v. NATIONWIDE MORTGAGE BANKERS, INC.

  1. May 31, 2024

    NJ Judge Says Mortgage Lender's Counterclaim Falls Flat

    A New Jersey federal judge tossed an unfair competition counterclaim brought by Nationwide Mortgage Bankers Inc. in a trade secrets suit by its rival Paramount Residential Mortgage Group, ruling that Nationwide Mortgage's counterclaim allegations do not actually count as unfair competition under Garden State law.

  2. June 01, 2023

    Mortgage Lender Can't Duck Suit Over Rival's Trade Secrets

    A New Jersey federal judge has refused to dismiss Paramount Residential Mortgage Group's suit claiming it lost at least $3 million after a rival raided several of its employees, saying it adequately laid out a "laundry list" of trade secrets its rival allegedly misappropriated.