A California federal district court denied Luminate Home Loans, Inc.'s motion to dismiss counterclaims brought by a former NEO Division President and a former NEO Home Loans manager under California Business & Professions Code § 16600.5 to void a noncompete clause, defamation claims based on statements to Florida employees that the counterclaimants had lied about loan collections, and related Unfair Competition Law claims, finding the noncompete provision appeared to prohibit working for competitors without applicable exceptions and the alleged defamatory statements were sufficiently pleaded as factual, false, and potentially injurious.
This story was produced by Bloomberg Law Automation.
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.