Alliance Sues To Stop Lennar From Poaching Key Employee

Law360, New York (October 29, 2013, 6:59 PM EDT) -- Real estate company Alliance Residential LLC sued its competitor Lennar Corp. in a New York state court Monday seeking to prevent Lennar from hiring one of Alliance's key regional managers because of a nonsolicitation agreement between the companies.

Alliance says that Lennar signed an agreement with the real estate company while the two were exploring a potential deal that contained a clause prohibiting Lennar recruiting or hiring Alliance's employees. But Alliance says Lennar through a recruiting agent approached one of its employees and made multiple offers...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.