TitleMax, Competitors Trade Corporate Espionage Allegations

By John Kennedy (September 15, 2017, 5:59 PM EDT) -- TitleMax, accused of recording its competitors' customers' license plates in a bid to steal business, has itself claimed that its competitors photographed trade secrets while masquerading as customers searching for a bathroom, according to a lawsuit removed to Texas federal court on Thursday.

In their third amended complaint, Wellshire Financial Services LLC — doing business as LoanStar Title Loans — Meadowwood Financial Services LLC and Integrity Texas Funding LP told a Texas state court in August that TitleMax used license plate information gathered from LoanStar's and Meadowwood's parking lots to search Texas Department of Motor Vehicles records for drivers' personal data. Then,...

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