Franklin First Fin., Ltd. v. Contour Mtge. Corp.

CourtNew York Supreme Court
DecidedFebruary 19, 2019
Docket2019 NYSlipOp 50191(U)
StatusPublished

This text of Franklin First Fin., Ltd. v. Contour Mtge. Corp. (Franklin First Fin., Ltd. v. Contour Mtge. Corp.) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Franklin First Fin., Ltd. v. Contour Mtge. Corp., (N.Y. Super. Ct. 2019).

Opinion

<partyblock>

<br><table width="75%" border="1" cellspacing="1" cellpadding="4" align="center"><tr><td>

<br><div align="center"><b><font size="+1">Franklin First Financial, Ltd., Petitioner,

<br><br>against<br><br>Contour Mortgage Corporation, GREGORY M. BORK, AND ARTHUR W. MOST II, Respondents.</font></b></div>

<br><br>

</td></tr></table><br><br>604159-15

<br><br>WEINER BRODSKY KIDER PC<br>Attorneys for Plaintiff<br>1300 19th Street, N.W., Fifth Floor<br>Washington, D.C. 20036<br><br>LAW OFFICES OF RUSSELL E. ADLER PLLC<br>Attorneys for Defendants<br>78 Ridge Road<br>Katonah, New York 10536

<br>Elizabeth H. Emerson, J.

<p><b>Upon the following papers read on this motion <i> and cross-motion for summary judgment </i>; Notice of Motion and supporting papers <i> 102-130 </i>; Notice of Cross Motion and supporting papers<i> 131-134 </i>; Answering Affidavits and supporting papers <i> 135-138 </i>; <font color="FF0000">[*2]</font>Replying Affidavits and supporting papers <i> 139;140 </i>; it is,</b></p>

<p><b><i>ORDERED</i></b> that the motion by the plaintiff for summary judgment is granted solely to the extent of dismissing the third counterclaim; and it is further</p>

<p><i><b>ORDERED</b></i> that the plaintiff's motion is otherwise denied; and it is further</p>

<p><i><b>ORDERED</b></i> that the cross motion by the defendants Contour Mortgage Corporation and Arthur W. Most II for summary judgment is denied.</p>

<p>The plaintiff, Franklin First Financial, Ltd. ("Franklin First"), is a mortgage lender whose principal place of business is in New York. The defendant Arthur W. Most II ("Most") was Franklin First's Chief Financial Officer from June 1, 2010, until May 16, 2014. The defendant Gregory M. Bork ("Bork") was employed by Franklin First as a loan officer and branch manager from September 27, 2012, through March 26, 2015. The terms of their employment with Franklin First were governed by a series of agreements that prohibited them from disclosing Franklin First's confidential and proprietary information to third-parties and competitors and prohibited them from soliciting Franklin First's employees to leave its employ. Most and Bork went to work for the defendant Contour Mortgage Corporation ("Contour"), another mortgage lender and a direct competitor of Franklin First, after leaving Franklin First's employ. The plaintiff alleges that Most and Bork violated their employment agreements by misappropriating and using Franklin First's confidential and proprietary information to process loan applications at Contour and by soliciting Franklin First's employees to work at Contour. On April 6, 2015, Franklin First sent cease-and-desist letters to Most, Bork, and Contour, who responded by denying Franklin First's allegations. This action ensued. </p>

<p>The complaint contained 13 causes of action to recover damages for misappropriation of trade secrets, breach of contract, breach of fiduciary duty, and unfair competition, among other things. By an order of this court dated September 24, 2015, the action was stayed insofar as asserted against Bork; the plaintiff and Bork were directed to proceed to arbitration, and the complaint was dismissed in part against Contour and Most. The defendants subsequently answered the complaint. Their answer contained two counterclaims by Most for breach of contract and quantum meruit, respectively. The plaintiff moved to dismiss Most's counterclaims, and the defendants cross-moved for leave to amend their answer to assert a third counterclaim for unjust enrichment. By an order of this court dated May 24, 2016, the plaintiff's motion to dismiss the counterclaims was denied, and the defendants' cross motion to amend the answer was denied as academic since the defendants amended their answer as of right while the motion to dismiss the counterclaims was pending. </p>

<p>The plaintiff and Bork proceeded to arbitration. On May 5, 2017, the arbitrator issued a partial final award on the issue of liability. The arbitrator found that Bork had breached his employment agreement with the plaintiff by diverting loans from Franklin First to Contour. The arbitrator dismissed Franklin First's breach-of-fiduciary-duty claim against Bork, finding that it was questionable whether a fiduciary relationship existed. The arbitrator also found that the plaintiff owed Bork, inter alia, unpaid commissions. The parties submitted supplemental briefs to the arbitrator on the issue of damages. On August 28, 2017, the arbitrator issued his final award. The arbitrator found that Franklin First was entitled to damages for all loans that closed at Contour for which the first contact with the customer was before April 1, 2015, and that the total dollar value for the improperly transferred loans was $12,870,294. Applying a formula to <font color="FF0000">[*3]</font>calculate Franklin First's damages, the arbitrator awarded the plaintiff damages in the amount of $326,905.47. The arbitrator also awarded Bork damages in the amount of $121,478.24. When the damages to the plaintiff were offset by the amounts owed to Bork, the final award to the plaintiff was $205,427.23. The plaintiff moved to confirm the arbitrator's final award and for leave to enter a judgment thereon. The parties subsequently stipulated to confirm the award and to discontinue the action against Bork.<sup><a href="#1FN" name="1CASE"><b>[FN1]</b></a></sup>

</p>

<p>Discovery is now complete, and the case is ready for trial. The plaintiff moves for summary judgment on the second cause of action for unjust enrichment against Contour and on the third cause of action for breach of contract against Most. The plaintiff moves for partial summary judgment on the issue of liability on the first cause of action for misappropriation of trade secrets against Contour, on the seventh cause of action for breach of fiduciary duty against Most, on the eleventh cause of action for aiding and abetting a breach of fiduciary duty against Contour and Most, and on the twelfth cause of action for unfair competition against Contour. The plaintiff also seeks summary judgment dismissing Most's counterclaims for breach of contract, quantum meruit, and unjust enrichment. Contour and Most cross move for summary judgment in their favor on the counterclaims and for dismissal of all of the plaintiff's claims.<sup><a href="#2FN" name="2CASE"><b>[FN2]</b></a></sup>

<p>The court's main function on a motion for summary judgment is issue finding rather than issue determination (<b>Sillman v Twentieth Century-Fox Film Corp.</b>, 3 NY2d 395, 404). Since summary judgment is a drastic remedy, it should not be granted when there is any doubt as to the existence of a triable issue (<b>Rotuba Extruders, Inc. v Ceppos</b>, 46 NY2d 223, 231).

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Franklin First Fin., Ltd. v. Contour Mtge. Corp., Counsel Stack Legal Research, https://law.counselstack.com/opinion/franklin-first-fin-ltd-v-contour-mtge-corp-nysupct-2019.