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News and Information Article
CHARLOTTE, N.C., Jan. 26 // -- The following statement was made
today by Tom Reddin, chief executive officer, IAC Financial Services and Real
Estate:
"This case will have no meaningful effect on how our lenders and customers
interact with LendingTree. The patent does not go to the heart of the
LendingTree proposition and, if the verdict were to be upheld, LendingTree
could easily design around it without impact to either the consumer or lender
experience. LendingTree will continue to provide the same level of quality
service to both consumers and lenders, and the fundamentals of our consumer
proposition will remain the same -- consumers will continue to use the
LendingTree marketplace to find lenders that will compete for their business."
About LendingTree, LLC
LendingTree(R), LLC is the nations number one online lending exchange,
providing a marketplace that connects consumers with multiple lenders that
compete for their business. Since inception, LendingTree has facilitated more
than 16 million loan requests and $109 billion in closed loan transactions.
LendingTree provides access to mortgages and refinance loans, home equity
loans/lines of credit, auto loans, personal loans, and credit cards via
http://www.lendingtree.com and 800-555-TREE. Founded in 1998 and headquartered in
Charlotte, North Carolina, LendingTree, LLC is part of IAC Financial Services
and Real Estate, an operating business of IAC/InterActiveCorp (Nasdaq: IACI),
which also owns or operates LendingTree Loans, LendingTree Settlement
Services, LLC(R), GetSmart Lending(R), RealEstate.com, Domania, and iNest.
Contact: Rebecca Anderson
LendingTree, LLC
704-943-8019
Rebecca.anderson@lendingtree.com
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