Sharewell Group Wins Temporary Restraining Order Against Former Employee

Court Ruling Prohibits Former Employee From Continuing to Disparage Sharewell via Email or Internet

LOS ANGELES, CA -- (MARKET WIRE) -- 05/27/08 -- The Los Angeles County Superior Court in Van Nuys, Calif. handed Sharewell Group a victory Friday when it issued a preliminary injunction and restraining order against Steve Wiideman, a former employee of the company.

In departing Sharewell, Wiideman began emailing clients comments disparaging his former employer. Sharewell sought and 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 requires that Wiideman remove defamatory comments appearing on a Website created by the former Sharewell executive.

"We applaud the court's finding in this matter. After a careful review of the facts, the court determined that Steve Wiideman must halt his attempts to defame our company, management team and staff. We look forward to winning the case at trial, and we are confident that the court will order that the temporary restraining order against Mr. Wiideman should remain in effect pending trial, when we return to court for further proceedings in June," said Brian Williams, CEO of Sharewell Group.

Representing Sharewell Group as lead attorney was Mitchell Stein of the Los Angeles-based law firm of Silver and Freedman.

CONTACT: Brian Williams Sharewell Group 818-876-7550 Brian@sharewellgroup.com

2008-05-27 21:39:01 0371158 MARKETWIRE