SOURCE: Sharewell

July 01, 2008 20:11 ET

Sharewell Group Wins Preliminary Injunction Against Former Employee

Court Extends Temporary Restraining Order Granted in May Against Former Employee Accused of Disparaging the Company and Its Principals

LOS ANGELES, CA--(Marketwire - July 1, 2008) - Sharewell Group earned a major victory today when the Los Angeles Superior Court granted a preliminary injunction against Steve Wiideman, a former employee with the company.

The action extends until trial an existing temporary restraining order obtained by Sharewell in May. Wiideman is accused in the underlying lawsuit filed by Sharewell of unfair competition and trade secret theft, among other things. In its May application for a temporary restraining order, Sharewell showed the Court that Wiideman had e-mailed disparaging comments about Sharewell to its clients or former clients after he left the company. As a result, Sharewell obtained a temporary restraining order barring Wiideman from communicating with existing clients for the purpose of interfering with its right to conduct business or to defame the company or its principals. The order also required that Wiideman remove certain defamatory comments appearing on a Web site he created.

"We are pleased that the court has once again ruled in our favor in our case against Mr. Wiideman. They have reconfirmed that Steve Wiideman must halt his attempts to defame our company, management team and staff. We feel confident that we will ultimately prevail at trial once the full facts are established in court," said Brian Williams, CEO of Sharewell Group.

Mitchell Stein, of Los Angeles-based law firm, Silver and Freedman, was once again the lead attorney for Sharewell.

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