Mortgage Lender Wants Ex-Worker Noncompete Suit Revived

Law360, New York (June 11, 2014, 5:51 PM ET) -- Mortgage lending company Greystone Funding Corp. on Wednesday urged a New York appeals court to vacate a ruling that found a noncompete agreement with a former employee who launched his own rival lending firm was unenforceable, arguing the worker’s separation from the lender didn't void his contract.

In oral arguments before a five-judge panel of the New York Supreme Court Appellate Division, First Department, Greystone attorney Y. David Scharf of Morrison Cohen LLP said that the lower court erred in finding the noncompete agreement was void...
To view the full article, register now.