November 17, 2006 |
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.
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 22, 2004 |
When Anthony Hsieh isn't running his Irvine-based online mortgage company, he regularly skippers a 60-foot yacht, plying the seas in search of quarter-ton marlin and other outsize billfish. But this month, it was Hsieh who was hooked. The 39-year-old is selling his Home LoanCenter.com to LendingTree, a unit of IAC/InterActiveCorp that matches borrowers and lenders. Terms of the deal, expected to close by year's end, were not disclosed.
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.
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.