Fla. Financial Cos. Sue Ex-Exec For Aiding Competitor

Law360, Miami (June 17, 2013, 7:46 PM EDT) -- Two Miami financial education providers filed suit Thursday in Florida state court against former executive Philip A. Forsey, seeking injunctive relief and damages for his alleged breach of noncompetition agreements with them.

McKenzie Management LLC and Assurance Management Group LLC, which have a shared management team and together provide loan products, debtor education programs and debt settlement services, say Forsey abruptly resigned as McKenzie chief operating officer May 15, after a month and a half on the job, during which time they claim he engaged in...
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