SunTrust Ends Secrets Suit Against Ex-Workers, Rival

Law360, New York (October 24, 2011, 2:19 PM EDT) -- SunTrust Mortgage Inc. on Friday reached a deal with six former employees and rival George Mason Mortgage LLC to end its contract and unfair competition suit accusing the workers and GMM of conspiring to steal business and trade secrets.

U.S. District Judge T.S. Ellis signed off on a stipulation of dismissal that put an end to the case, which SunTrust lodged in Virginia federal court in August. The terms of the deal were not disclosed.

On Aug. 5, SunTrust filed a complaint and a bid for...
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