nCino controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Delaware Supreme Court affirms dismissal
The Delaware Supreme Court summarily affirmed the dismissal of the SimpleNexus-related complaint in its entirety.
2023
Delaware Court of Chancery dismisses SimpleNexus-related complaint
The Delaware Court of Chancery granted in full the motion to dismiss the complaint concerning the alleged use of nonpublic information.
2022
Civil no-poach claims
Live Oak Bank settled a related class action for $4.65 million in March 2022. nCino later agreed to pay $2.2 million to resolve related civil antitrust claims and denied wrongdoing.
2022
Shareholder allegations concerning SimpleNexus discussions
The City of Hialeah Employee Retirement System sued Insight Venture Partners and nCino board members, alleging that nonpublic information about discussions involving SimpleNexus was used to increase investment and ownership interests before the transaction.
2021
Antitrust investigation and alleged no-poach practices
nCino disclosed that the U.S. Department of Justice's Antitrust Division had issued grand-jury subpoenas concerning hiring and wage practices. A private class action alleged that nCino, Live Oak Bank, and Apiture had agreed not to recruit one another's employees.