Firing Voids Mortgage Lender's Noncompete, Judge Says

Law360, New York (November 22, 2013, 3:56 PM EST) -- Mortgage lending company Greystone Funding Corp. can't enforce a noncompete agreement against a former employee who launched his own rival lending firm because it fired him without cause before the contract expired, a New York state judge has ruled.

Judge Charles E. Ramos said that because Greystone fired Ephraim Kutner after he said he didn't want to renew his soon-to-expire employment contract, the contractual noncompete provisions that would've prevented him from striking out on his own and competing with Greystone could no longer be enforced....
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