Software Companies Allege Law Firm Misappropriated Mortgage Database

Posted on Saturday 28 June 2008

Two software companies have sued mortgage-lending law firm McGlinchey Stafford and Youngblood & Bendalin and one of its partners, alleging they misappropriated a database of legal documents to make "millions" in profits in residential loan transactions. The firm is a branch of McGlinchey Stafford, also named as a defendant. The suit alleges that agents of the firm used plaintiffs' intellectual property after obtaining a fully operational version of certain software, rather than "read only" access.

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