![]() As sales director, Tapley sold Simplifile products to real estate submitters and sold/assisted counties in signing up to use Simplifile’s systems (Id., p. In 2009, Simplifile President Paul Clifford hired Tapley to be Regional Sales Director for Texas Louisiana later was added to Tapley’s territory (Id., pp. 1 The summary judgment evidence shows that Simplifile connects private businesses with governmental agencies to enable and simplify the electronic filing of legal and other documents involved in real estate transactions (Doc. Simplifile also asserts there is no evidence that any similarly-situated non-African-American employees received more favorable treatment with respect to its decision to revoke Tapley’s severance offer. Simplifile moves for summary judgment on Tapley’s section 1981 claim, contending he has no evidence to show that either his inclusion in the RIF or the decision to revoke the severance offer was a pretext for race discrimination. § 1981 against his former employer Simplifile, LC (Simplifile) based on its decisions to (1) include him in a reduction in force (RIF) of sales personnel and (2) revoke its offer of a severance agreement and payment after learning that he had been operating an insurance business during his employment. BACKGROUND In this action, Tapley, an African American, asserts a claims for race discrimination under 42 U.S.C. For the following reasons, the Court GRANTS the motion. MEMORANDUM OPINION AND ORDER Before the Court is Defendant Simplifile, LC’s Partial Motion for Summary Judgment (Doc. 57 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF TEXAS DALLAS DIVISION ROBERT B. ICE shares declined 3.14% to $94.40 in the after-hours session Thursday, after closing the regular session at $97.46.Tapley v. The exchange operator said it invested a total of $11.5 billion as a part of its strategy to automate mortgage workflow by acquiring Simplifile, Ellie Mae and the 2018 acquisition of the parent of Mortgage Electronic Registrations Systems. Last year, Intercontinental Exchange purchased Simplifile, LC, a large network that underpins real estate constituents for $335 million. Mortgage Bankers Association estimates mortgage originations will reach their highest level since 2005 this year, as low interest-rates drive refinancings. Thoma Bravo purchased Ellie Mac for $3.7 billion in February last year, and the software company's business has seen a rapid growth since the novel coronavirus (COVID-19) outbreak the Journal noted. Sprecher said that the company stands to profit as it will receive large amounts of mortgage data, which it can sell. He added that the market operator would be the “facto source of information for the U.S. The exchange operator’s executives justified the high price tag attached to the purchase in a conference call discussing the deal, saying, they expected Ellie Mae’s business to keep growing over the next decade, the Wall Street Journal reported. The New York Stock Exchange parent's CEO Jeffrey Sprecher said the acquisiton would "enhance ICE’s growth strategy in mortgage technology." The agreement is expected to close in the third or early fourth quarter this year, Intercontinental Exchange said in a statement. ![]() The transaction is valued at $11 billion, including about $9.24 billion in cash and $1.76 billion in stock. ![]() Intercontinental Exchange Inc (NYSE: ICE) announced Thursday it was purchasing mortgage-software company Ellie Mae from private-equity firm Thoma Bravo. ![]()
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