DocMagic Files Amended Complaint Against Ellie Mae
The amended complaint sets forth 14 federal and state claims, significantly expanding on the allegations and claims initially made against Ellie Mae.
Dominic Iannitti, President and founder of DocMagic, stated, “Now that we have had the opportunity to review Ellie Mae’s financial performance in its IPO Prospectus filed with the Securities Exchange Commission, it appears that the only financial success Ellie Mae can claim in the last two years is tied directly to the document preparation business, much of which is based on business and intellectual property stolen from DocMagic and others in violation of federal and state laws.” Iannitti further stated, “The more we discover about their conduct, the more compelled we are to make sure that the full scope and breadth of it is brought under scrutiny.”
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