CoreLogic, Morgan Stanley End Trade Secrets Release Feud
By Shayna Posses (February 12, 2016, 9:29 PM EST) -- CoreLogic and Morgan Stanley have settled the data broker's appeal hoping to avoid disclosing trade secrets that helped fuel Prudential's fraud claims against Morgan Stanley deriving from more than $1 billion in residential mortgage-backed securities, a New Jersey appeals court said Friday.
The matter came before the New Jersey Appellate decision following a February 2015 trial court order that would allow Morgan Stanley access to algorithms and other information behind the property value data that CoreLogic Information Solutions Inc. licensed to The Prudential Insurance Co. of America.
Prudential allegedly used the data to help support its allegations that Morgan Stanley misrepresented...
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