Ennis v. Interstate Distributors, Inc.

STOREY, Justice.

This appeal is from a judgment granting rescission of a covenant which restricted competition by William B. Ennis with his former employer, Interstate Distributors, Inc. and ordered restitution to Interstate of the consideration paid by it for the restrictive covenant. Ennis was formerly the president of Interstate and owned one-third of its outstanding shares. The judgment is based upon jury findings that after he terminated his employment and sold his stock to Interstate, Ennis materially breached the restrictive covenant by soliciting sales from its customers and otherwise…