LendingTree Escapes Bank Rate Price-Fixing Allegations

Law360, New York (September 26, 2012, 1:31 PM EDT) -- LendingTree LLC has resolved allegations by bank rate website operator BanxCorp that the home loan service provider conspired to fix prices in the online rate market, after a New Jersey federal judge signed off on a dismissal of the antitrust suit on Monday.

U.S. District Judge Esther Salas approved a stipulation of dismissal with prejudice ending BanxCorp's allegations that LendingTree conspired with fellow rate website operator Bankrate Inc. to fix prices and divvy up the rate services market. Monday's order approving the stipulation of dismissal, which...
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