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.
"The unrefuted documentary evidence establishes that Greystone terminated Ephraim's employment without cause and thus, it cannot...
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