Citizens Bank filed a federal lawsuit against SoFi Technologies. The bank accuses SoFi of unlawfully poaching its mortgage employees in Connecticut. Citizens Bank filed the suit in Connecticut District Court. The lawsuit alleges SoFi engaged in a recruitment campaign. This campaign resulted in the theft of trade secrets.
The complaint states former Citizens employees breached their agreements. They allegedly took confidential customer data to SoFi. Citizens Bank seeks to defend against what it describes as the misappropriation of its trade secrets. Citizens Bank filed the case on September 9, 2026.