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BUSINESS
May 6, 2003 | From Bloomberg News
Barry Diller's USA Interactive, expanding the range of goods and services it sells on the Internet, agreed to purchase LendingTree Inc. for $734 million in stock. Shareholders of LendingTree, a Web-based loan service, will receive 0.6199 of a share of USA common stock for each share of LendingTree common stock they own, the companies said. LendingTree shares rose as much as 45%.
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BUSINESS
November 17, 2006 | From Bloomberg News
The Securities and Exchange Commission said Thursday that it fined a former LendingTree Inc. executive $219,000 for allegedly providing tips used in insider trading of the company's stock before a 2003 takeover by Barry Diller's USA Interactive. David N. Anderson, once a senior vice president of the Internet-based home-loan information service, tipped off three co-workers and a friend to the takeover, the SEC said.
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BUSINESS
April 25, 2006 | From the Associated Press
A top executive of financial services company LendingTree Inc. has been indicted on federal charges stemming from insider trading tied to the purchase of the company by USA Interactive in 2003. The indictment of the senior vice president, David Anderson, was filed under seal this month. It was made public Monday when he appeared before a federal magistrate and was released on bond.
BUSINESS
April 25, 2006 | From the Associated Press
A top executive of financial services company LendingTree Inc. has been indicted on federal charges stemming from insider trading tied to the purchase of the company by USA Interactive in 2003. The indictment of the senior vice president, David Anderson, was filed under seal this month. It was made public Monday when he appeared before a federal magistrate and was released on bond.
BUSINESS
November 17, 2006 | From Bloomberg News
The Securities and Exchange Commission said Thursday that it fined a former LendingTree Inc. executive $219,000 for allegedly providing tips used in insider trading of the company's stock before a 2003 takeover by Barry Diller's USA Interactive. David N. Anderson, once a senior vice president of the Internet-based home-loan information service, tipped off three co-workers and a friend to the takeover, the SEC said.
BUSINESS
September 27, 2005 | From Bloomberg News
A former vice president of LendingTree Inc., an Internet-based loan matchmaker, pleaded guilty to obstruction of justice for lying to the Securities and Exchange Commission, according to the U.S. attorney's office in North Carolina. Brian Paquette faces as many as five years in prison and a $250,000 fine, according to the plea agreement with the federal prosecutor.
BUSINESS
September 9, 2004 | Annette Haddad
Online mortgage finder LendingTree has agreed to buy Internet-based direct mortgage lender HomeLoanCenter.com of Irvine. Terms weren't disclosed. The transaction, which is expected to close by year's end, would expand LendingTree's operations beyond its core business of matching consumers with lenders into direct lending. Privately held HomeLoanCenter.com employs about 800. Charlotte, N.C.-based LendingTree is a division of IAC/Interactive Corp. IAC shares fell 55 cents to $22.19 on Nasdaq.
NEWS
April 26, 2008
Loan-broker suit: An article in Thursday's Business section about a lawsuit filed by online mortgage firm LendingTree Inc. against five Southern California-based lenders said the suit named as a defendant Newport Lending Corp. Although the lawsuit did name Newport Lending Corp., a Nevada company based in Newport Beach, it was named in error. The suit is actually against Newport Lending Group, based in Irvine.
BUSINESS
February 16, 2006 | Josh Friedman
J. Thomas Talbot, the Orange County businessman and former director of the title insurance giant Fidelity National Financial Inc. who was accused of insider stock trading in 2004, has been cleared of the civil allegations by a federal judge in Los Angeles. U.S. District Judge Margaret Morrow on Tuesday threw out the case, ruling that Talbot did not violate securities laws because he owed no duty of confidentiality to LendingTree Inc., the original source of the information at issue.
BUSINESS
June 25, 2004 | Josh Friedman
J. Thomas Talbot, an Orange County businessman and former director of the title insurance giant Fidelity National Financial Inc., was accused Thursday of trading on inside information in a civil suit brought by the Securities and Exchange Commission. Talbot bought and sold shares of LendingTree Inc. last year after learning at a Fidelity board meeting that the online lender would be acquired at a hefty premium, the SEC alleged.
BUSINESS
September 27, 2005 | From Bloomberg News
A former vice president of LendingTree Inc., an Internet-based loan matchmaker, pleaded guilty to obstruction of justice for lying to the Securities and Exchange Commission, according to the U.S. attorney's office in North Carolina. Brian Paquette faces as many as five years in prison and a $250,000 fine, according to the plea agreement with the federal prosecutor.
BUSINESS
September 9, 2004 | Annette Haddad
Online mortgage finder LendingTree has agreed to buy Internet-based direct mortgage lender HomeLoanCenter.com of Irvine. Terms weren't disclosed. The transaction, which is expected to close by year's end, would expand LendingTree's operations beyond its core business of matching consumers with lenders into direct lending. Privately held HomeLoanCenter.com employs about 800. Charlotte, N.C.-based LendingTree is a division of IAC/Interactive Corp. IAC shares fell 55 cents to $22.19 on Nasdaq.
BUSINESS
May 6, 2003 | From Bloomberg News
Barry Diller's USA Interactive, expanding the range of goods and services it sells on the Internet, agreed to purchase LendingTree Inc. for $734 million in stock. Shareholders of LendingTree, a Web-based loan service, will receive 0.6199 of a share of USA common stock for each share of LendingTree common stock they own, the companies said. LendingTree shares rose as much as 45%.
BUSINESS
July 1, 2008 | From Bloomberg News
An insider trading case dismissed two years ago in favor of Orange County businessman J. Thomas Talbot, a former director of Fidelity National Financial Inc., was reinstated Monday by a federal appeals court. The Securities and Exchange Commission can seek to hold Talbot liable for trading on inside information when he purchased shares of LendingTree Inc. in 2003 before the Internet consumer loan service was acquired by USA Interactive Inc., the U.S. 9th Circuit Court of Appeals ruled.
BUSINESS
April 24, 2008 | Joseph Menn, Times Staff Writer
Five Southern California home lenders improperly tapped into the personal financial information of some customers seeking loans through LendingTree Inc., according to a lawsuit filed this week by the Internet mortgage broker. The suit, filed Monday in Orange County Superior Court, alleges that two former executives of LendingTree, which matches prospective home buyers with lenders, swiped customer passwords and gave the lenders unauthorized access to consumer information.
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