Over the last week, two apparently unconnected events happened that impacted restrictive covenants and labor laws. First, the National Labor Relations Board’s General Counsel, Jennifer Abruzzo, issued a memorandum opinion that certain non-compete agreements may violate the National Labor Relations Act by suppressing workers’ ability to engage in protected concerted activity. Second, the Supreme Court […]
Published: Jun. 3, 2023 at 1:20 PM CDT NEW YORK, June 3, 2023 /PRNewswire/ — Rosen Law Firm, PA Logo(PRNewswire) WHY: Rosen Law Firm, a global investor rights law firm, announced an investigation of potential securities claims on behalf of shareholders of Microvast Holdings, Inc. (NASDAQ: MVST, MVSTW) resulting from allegations that Microvast may have […]
The FTC is not alone in taking aim at non-competitions. Yesterday, the NLRB’s General Counsel Jennifer Abruzzo issued a memo to all regional directors, officers-in-charge, and resident officers at the NLRB stating that non-competes in employment agreements and severance agreements violate the National Labor Relations Act except in rare circumstances. Specifically, Ms. Abruzzo claims that […]
NEW YORK, June 2, 2023 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Nutanix, Inc. (NASDAQ:NTNX) between September 21, 2021 and March 6, 2023both dates inclusive (the “Class Period”), of the important June 13, 2023 lead plaintiff deadline. SO WHAT: If you purchased Nutanix securities during […]
On May 17, 2023, US Senator Rob Wyden (D-OR) announced the release of a long-awaited report on the US Government Accountability Office’s multi-year investigation into the use of noncompete agreements across the US labor market. In announcing the release, Senator Wyden said that the GAO report “highlights the problems of noncompete agreements – particularly their […]
The National Labor Relations Board’s top lawyer, Jennifer Abruzzo, issued a General Counsel memo today instructing the Labor Board’s Regional Directors of her position that noncompete clauses for employees protected by the National Labor Relations Act (NLRA) (ie., nonmanagerial and nonsupervisory employees) in employment contracts and severance agreements violate federal labor law except in limited […]
The Schall Law Firm, a national shareholder rights litigation firm, announced that it is investigating claims on behalf of investors of Advance Auto Parts, Inc. (“Advance Auto Parts” or “the Company”) AAP for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information […]
For the last decade, one of the biggest issues in the Illinois noncompete law has been what constitutes adequate consideration for a post-employment restrictive covenant, apart from employment lasting at least two years after the agreement was signed. The “24 month rule” set forth in Fifield v. Premier Dealer Services, Inc.2013 IL App (1st) 120327 […]