We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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.

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

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS