LendingTree Sues Rival Over Patent For Online Business Method

Law360, New York (September 15, 2005, 12:00 AM EDT) -- A company that pioneered an online marketplace that connects borrowers with lenders is suing an upstart rival over its patented business model.

LendingTree LLC sued Cyber Financial Network Inc. last week in U.S. District Court for the Western District of North Carolina, alleging willful patent and trademark infringement of its unique mortgage matching system.

LendingTree is seeking jury trial, trebled jury damages, attorney’s fees and permanent injunction in the case.

The complaint was prompted by New York-based CFN’s website, Mortgage Expo.com, a competing site similar to...
To view the full article, register now.