Richards filed a lawsuit alleging discrimination against loanDepot, its former CEO and general counsel, related to illegal loan practices and a toxic workplace culture. Although several claims were dismissed early in the case, a California jury recently found loanDepot not guilty of the remaining gender discrimination and constructive discharge claims. LoanDepot's CEO expressed satisfaction with the unanimous verdict, emphasizing the company's dedication to a respectful working environment. Richards, who now works at Kind Lending, did not provide comments after the verdict, but the case has had significant implications for loanDepot's employees.
We are pleased with the jury's unanimous decision, which has vindicated our position on this case from the beginning, loanDepot CEO Frank Martell said.
The allegations made by Richards were very damaging and they were eager to turn the page on the legal saga, which began more than three years ago.
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