Calif. Appeals Court Tosses LendingTree Subsidiary Suit

Law360, Los Angeles (December 12, 2013, 4:07 PM EST) -- A California appeals court on Wednesday affirmed a trial court’s decision dismissing class action claims that a LendingTree LLC subsidiary used its special relationship with LendingTree to hoard loan prospects, interfering with the contractual relationship between LendingTree and a member of its loan network.

The California Court of Appeal for the Fourth Appellate District found plaintiff Castleview Home Loans Inc. failed to show any evidence that LendingTree subsidiary Home Loan Center Inc. caused its parent to breach contracts with other lenders or that Home Loans disrupted...
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