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Reached Settlement for Industry Leader in Mortgage Quality Control Alleging that Joint Developer Violated a Non-Compete Provision
September 2022
Tena v. Ellie Mae (n/k/a ICE MT)
In September of 2022, Robins Kaplan LLP reached a confidential settlement resolving a commercial contract dispute brought by the firm’s client, Tena Companies, against Ellie Mae (n/k/a Intercontinental Exchange Mortgage Technologies, “ICE MT”) in the U.S. District Court for the District of Minnesota. Tena alleged that ICE MT violated a contractual non-compete provision relating to federal and state mortgage regulatory reporting software. The parties had previously entered a joint venture to develop a software program capable of building a customized report on federal and state mortgage regulations and to succinctly summarize those regulations. After ICE MT lost its motion to dismiss, the Court ordered the parties to mediate. The parties resolved the case confidentially.
In September of 2022, Robins Kaplan LLP reached a confidential settlement resolving a commercial contract dispute brought by the firm’s client, Tena Companies, against Ellie Mae (n/k/a Intercontinental Exchange Mortgage Technologies, “ICE MT”) in the U.S. District Court for the District of Minnesota. Tena alleged that ICE MT violated a contractual non-compete provision relating to federal and state mortgage regulatory reporting software. The parties had previously entered a joint venture to develop a software program capable of building a customized report on federal and state mortgage regulations and to succinctly summarize those regulations. After ICE MT lost its motion to dismiss, the Court ordered the parties to mediate. The parties resolved the case confidentially.
Past results are reported to provide the reader with an indication of the type of litigation we practice. They do not and should not be construed to create an expectation of result in any other case, as all cases are dependent upon their own unique fact situation and applicable law.
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If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
By accepting these terms, you are confirming that you have read and understood this important notice.