In a decision rendered by U.S. District Judge Susan Illstion, Calyx Software, San Jose, Calif., has been given the OK to file a second amended complaint against Dublin, Calif.-based Ellie Mae alleging copyright infringement and unfair competition.According to Calyx, the amended complaint elaborates on its claim that Ellie Mae deliberately copied Calyx's Point product when creating screens for its Encompass program in an attempt to attract Calyx users. The amended complaint also accuses Ellie Mae of unfair advertising in marketing its Encompass offering. The court said that Calyx "had sufficiently pled that the screen displays in its software had acquired distinctiveness and that Calyx had sufficiently met the distinctiveness requirement for a trade dress cause of action." Calyx started the suit back in May when it alleged that Ellie Mae had perpetrated copyright infringement, false designation of origin, and violations of the California Unfair Competition laws. The case was filed in the Northern District of California. Ellie Mae could not be reached for comment by MortgageWire's deadline.
-
Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.
2h ago -
The Federal Housing Finance Agency's annual report to Congress asks for enforcement and referral powers beyond the limited ones it currently has.
2h ago -
The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.
3h ago -
Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
4h ago -
The deal offers a series of exchangeable, class A and B notes, which will pay coupons ranging from 6.00% on the A1 tranche to 5.00% on the A33 tranche.
4h ago -
This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.
4h ago







