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Lawsuit Filed Over "Gentleman's" No-Hire Agreement Between nCino® & Live Oak Bank®

Lawsuit Filed Over "Gentleman's" No-Hire Agreement Between nCino® & Live Oak Bank®

Employees & Those That Applied For New Positions and Were Rejected or Denied May Be Due Compensation"

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Reasons To File A Claim

The alleged "No-Hire" Agreement would financially impact employees from seeking better and higher-paying jobs

Employees seeking to advance their career may have been denied additional positions or compensation due to the alleged illegal "no-hire agreement"

The "No Hire" agreement would allow the companies to keep wages low by limiting growth and job openings in the local area

With technological skills in high demand, companies have long been searching for ways to retain employees and to keep pay low. However, a recent suit alleges that nCino®, Live Oak Bank®, and Apiture® took it one step further by having a "no-hire" agreement.

Essentially, executives from the three companies agreed that they would not hire employees away from each other in order to limit the risk of losing talent and to avoid having to pay competitive wages.

The suit alleges that the early founders of nCino® along with the company's CEO entered into the no-hire agreement since the inception of ncino®, a violation of the sherman act.

Those who were or are currently employed at ncino®, live oak bank®, and apiture® are encouraged to come forward and receive a 100% free case review with a qualified attorney.

 

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No-hire agreement news updates

March 2021

Joseph mcalear files a suit against both ncino® and live oak bank® over their "no-hire" agreement in an attempt to prevent increasing compensation for talent.

February 2021

NCino® stated in a SEC filing that the company was under federal investigation by the department of justice for possible antitrust violations.

December 2020

Ncino® received a letter from a law firm representing an individual who claimed that ncino® actively sought to restrain the mobility of employees.

Please seek the advice of a medical professional before making health care decisions. This advertisement is not associated with the nCino®, Live Oak Bank®, Apiture®, or any government agency.
 

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