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New Balance 420 Revlite Red

Rodgers found Stone and Guaranteed Home Mortgage both liable for "interference with a business or contractual relationship."

New Balance 420 Revlite Red

Guaranteed Home Mortgage processed Mortgage Now employees' loans and gave them "password protected access to the Guaranteed processing system," Kessler said in his news release.

"Intentionally and without justification (the) interference resulted in damage to the plaintiff," the ruling said.

He said Stone was acting under the advice of James Scwhartz, president of Mortgage Now.

Marchese said his company wrote $100 million in loans in Florida prior to February 2009, but was forced to leave the area because of Stone and New Balance Pink And Grey 620

New Balance 420 Revlite Red

New Balance 420 Revlite Red

Marchese said he thinks the action of Stone and his competitor sent negative ripples through Northwest Florida's housing market, causing, among other things, home loans to be lost.

Marie Gannon, general counsel for Guaranteed Home Mortgage, confirmed that Stone no longer works for the company. She would not say whether or not he was terminated.

A couple of Mortgage Now employees testified in court that they held off finalizing loans so that they could do it after becoming Guaranteed Home Mortgage employees, the ruling said.

A competing mortgage company and a former manager have been fined by a federal judge for trying to steal employees from Mortgage Now, a business formerly located in Destin.

New Balance 420 Revlite Red

New Balance 420 Revlite Red

"They said in court Schwartz was a lame duck," Powell said. "He may have been a lame duck, but he was still the duck."

Stone also helped Guaranteed Home Mortgage find a location across the street from Mortgage Now for an office, New Balance Womens 574 Beach Cruiser - Beige/Pink

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Stone, who is now with Stone Home Loans in Destin, said he was "disappointed with the judge's decision."

He told the fellow employees Mortgage Now was headed for bankruptcy, the ruling said.

"The damage they did to our office wiped it out," he said. "We closed."

Rodgers awarded $280,261.44 to Mortgage Now for lost profits and another $59,207.53 in interest from February 2009.

had his underlings fill out job applications, Rodgers' ruling said.

James New Balance 420 Revlite Red Marchese, the chief executive officer of Mortgage Now, said the action cost this region "40 jobs that averaged $70,000 to $80,000 a year."

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"This economy lost $3.5 million because of these activities," Marchese said.

None of the loans that were transferred from Mortgage Now to Guaranteed Home Mortgage were ever closed, and Rodgers made note of that several times in her ruling, Powell said.

Some of the applications were accepted and signed off on while the employees still worked for Mortgage Now, the ruling said. Some Mortgage Now documents also were transferred to Guaranteed Home Mortgage files.

The ruling states that Stone, a manager for Mortgage Now when it had an office at Destin Commons, negotiated with a representative of Guaranteed Home Mortgage.

Guaranteed Home Mortgage Corp. District Judge Casey Rodgers in Pensacola.

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Stone and Guaranteed Home Mortgage were judged to have been "wrongfully soliciting and inducing" employees away from Mortgage Now in February 2009, Gary Kessler, the attorney for Mortgage Now, said in a news release.

Guaranteed Home Mortgage.

´╗┐Judge rules mortgage company stole employees from competitor

A competing mortgage company and a former manager have been fined by a federal judge for trying to steal employees from Mortgage Now, a business formerly located in Destin.

His attorney, Stanley Bruce Powell, termed Mortgage Now's lawsuit, "a vendetta" and vowed to appeal.

"If the loans closed at all, they closed with Mortgage Now," he said.

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Guaranteed Home Mortgage arranged to hire Stone and he, while still a Mortgage Now employee, recruited 12 fellow employees to come with him, Rodgers ruled.

New Balance 420 Revlite Red

New Balance 420 Revlite Red

He said if any financial settlement was warranted it would have been interest on loans that Mortgage Now employees sat on while waiting for the transfer to Guaranteed Home Mortgage.

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