litigation
confidence high
sentiment positive
materiality 0.60
loanDepot wins unanimous jury verdict in Tamara Richards lawsuit
loanDepot, Inc.
- Unanimous jury verdict on Feb 7, 2025 in favor of loanDepot on all remaining claims.
- Plaintiff Tamara Richards, former senior operations officer, alleged gender discrimination, hostile work environment, and loan origination noncompliance.
- Claims against two former executives were dismissed earlier; other claims dismissed via pretrial motions.
- Court had dismissed improper origination and discrimination claims; jury resolved remaining employment claims.