Banker’s Non-Compete Struck Down in Virginia Court
In Nida v. Business Advisory Sys., 44 Va. Cir. 487 (1998), a loan officer resigned from a residential mortgage lender in Winchester, Virginia, and joined a competitor.
The lender sued the officer in a Virginia court for breach of a non-compete provision in an independent contractor agreement. The judge held for the officer, whose non-compete was overbroad and unenforceable as a matter . . .