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Fintech company nCino subpoenaed by US DOJ in antitrust probe

( February 23, 2021, 23:31 GMT | Official Statement) -- MLex Summary: Fintech company nCino said in a securities filing that it received grand jury subpoenas in which the US Department of Justice antitrust division is seeking documents pursuant to an investigation of the company's hiring and wage practices.  The company also said it has received a letter from a law firm representing an individual seeking to resolve potential antitrust claims against nCino and Live Oak Bank, relating to an alleged no-poach agreement between the companies. See excerpt below. ...

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