Live Oak Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Settlement of employee hiring litigation
Live Oak, nCino, and Apiture reached a reported $4.65 million settlement covering approximately 1,911 people who had worked at the companies since 2017. The settlement resolved the reported class-action claims without this dossier making a finding on the allegations.
2021
Employee hiring antitrust lawsuit
A class-action lawsuit alleged that Live Oak Bank, nCino, and Apiture coordinated to avoid hiring one another’s employees. The allegations followed an earlier demand letter received by Live Oak in 2020 concerning possible antitrust violations.