Keith Baldwin, chairman of Home of Choice, says it’s back to business for the network now that the showdown between his company and Zurich has been settled out of court.Neither party has commented on whether money was involved but Baldwin says HoC is not a business that relishes court proceedings when a problem can be settled out of court. The announcement was made last Thursday in a joint statement, after Mortgage Strategy revealed exclusively that the case was to be settled out of court. The statement read: “Legal proceedings between Openwork and Zurich against Home of Choice, Richard Coulson and Gerry O’Brien have been settled today on commercial terms. The legally binding commitments and promises given by Home of Choice to the court in July 2005 will continue for set periods. The terms of the settlement are confidential.” Both Coulson and O’Brien were due to face former employee Zurich in the High Court of Justice in London this month. The legal battle would have seen Coulson, former Zurich Mortgage Network director, dispute allegations that he was still in Zurich’s employment when he started promoting his network Home of Choice, launched on July 1. Coulson decided to form his own network after being offered a role with the Zurich Openwork network as sales director for the North, which he says was not what he wanted to do. Coulson argued he was made redundant after his role ceased to exist. Zurich had issued an urgent interim injunction against O’Brien, Coulson and Home of Choice this July, which was based on allegations including accusations the defendants were in breach of restrictive covenants. This involved them improperly using an Openwork email service to induce Openwork franchisees to breach their contracts with Openwork.
- Top trends
HIPs might have little intrinsic value but they could herald a common form that would facilitate genuine point-of-sale offers and so benefit everybody in the house buying chain, says Jon Haynes
Legal proceedings between Openwork and Zurich against Home of Choice, Richard Coulson and Gerry O’Brien have been settled today on commercial terms.The legally binding commitments and promises given by Home of Choice to the court in July 2005 will continue for set periods.The terms of the settlement are confidential.None of the parties are able to […]
With the date for the implementation of Home Information Packs finally set, tensions are rising between brokers and estate agents – each group feeling threatened by the other. Online conveyancing firm eConveyancer has carried out research into the needs of intermediaries and estate agents in its campaign to design an effective HIP provision service which […]
The Intermediary Mortgage Lenders Association has appointed Guy Batchelor, sales and marketing director of Platform, as its next chairman.From January 1 2006, Batchelor will take over the position from IMLA’s current chairman Tim Dawson, managing director of Mortgage Express.John Heron, managing director of Paragon Mortgages, has been appointed deputy chairman, and Dawson and John Maltby […]
Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.
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