Calif. Appeals Court Denies Class In LendingTree Suit

Law360, New York (August 1, 2011, 1:35 PM EDT) -- A California appeals court on Friday affirmed a trial court's decision denying class certification to LendingTree LLC customers who alleged the online lending exchange did not provide a bidding process as promised and instead directed consumers to its own lender, Home Loan Center.

The California Court of Appeal for the Fourth Appellate District said the plaintiff-appellants had failed to show any evidence of damage or lost money, which is necessary for standing to sue under California's Unfair Competition Law, Fair Advertising Law and Consumer Legal Remedies...
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