September 27, 2005 |
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.
September 9, 2004 |
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.
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.
May 6, 2003 |
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%.
February 16, 2006 |
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.
July 1, 2008 |
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.