Answering the $296 Billion Question: FTC’s Proposed Rulemaking on Worker Non-Competes Likely to be Found Unconstitutional | Seyfarth Shaw

As our colleagues have previously reported in this blog, on January 5, 2023, the Federal Trade Commission issued a notice of proposed rulemaking (NPRM) concerning its unprecedented effort to ban all non-compete clauses with workers and to preempt state law on the issue . The NPRM followed just one day after the FTC announced that it had reached a consent settlement with three companies for alleged unfair trade practices by imposing overly burdensome non-compete agreements.

Not surprisingly, the NPRM has sparked a surge of commentary in the legal and business communities and immediately courted controversy. The sole Republican member of

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Tattooed Chef, Inc. Investors to Secure Counsel Before Important Deadline in First Filed Securities Class

Published: Jan. 23, 2023 at 6:01 PM CST|Updated: 10 hours ago

NEW YORK, Jan. 23, 2023 /PRNewswire/ —

Rosen Law Firm, PA Logo
Rosen Law Firm, PA Logo(PRNewswire)

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Tattooed Chef, Inc. (NASDAQ:TTCF) between March 20, 2021 and October 12, 2022both dates inclusive (the “Class Period”), of the important February 21, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Tattooed Chef securities during the Class Period you may be entitled to compensation without

11th Circuit Upholds Trial Court’s Rejection of Liquidated Damages in Trade Secret Case | Seyfarth Shaw

Safeguarding trade secrets is typically Rule No. 1 for many companies—particularly technology companies. Therefore, when a company needs to share its highly-guarded trade secrets with a subcontractor in order to complete a project together, most companies understandably require the subcontractor to enter into a confidentiality agreement that includes a non-disclosure provision. Many of those confidentiality agreements also include a liquidated damages provision that is triggered by the subcontractor’s breach.

The benefits of including a liquidated damages provision are obvious. Often times it is extremely difficult—if not impossible—to calculate the precise, actual damage resulting from a breach. In these situations, a

Upcoming Webinars! 2022 Trade Secrets & Non-Competes Year in Review | Seyfarth Shaw

Trade Secrets Year in Review Webinar

Tuesday, January 24, 2023
1:00 pm to 2:00 pm Eastern
12:00 pm to 1:00 pm Central
11:00 am to 12:00 pm Mountain
10:00 am to 11:00 am Pacific

REGISTER HERE

In the second installment of the 2023 Trade Secrets Webinar Series, Seyfarth attorneys will review the noteworthy legislation, cases, and legal developments from across the nation over the last year in the areas of trade secrets and data theft, non-competes and other restrictive covenants , and computer fraud. Plus, they will provide predictions for what to expect in 2023.

Seyfarth attorneys, Michael Wexler, Robert Milligan, and Joshua Salinas will address

Kessler Topaz Meltzer & Check, LLP Reminds Investors of February 10, 2023 Deadline in Securities Fraud Class Action Lawsuit against Twist Bioscience Corporation

RADNOR, Pa., Jan. 21, 2023 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities class action lawsuit against Twist Bioscience Corporation (“Twist”) (NASDAQ: TWST) on behalf of investors who purchased or acquired Twist common stock between December 13, 2019 and November 14, 2022, inclusive (the “Class Period”). This action, captioned Peters v. Twist Bioscience Corporation, et al., Case No. 3:22-cv-08168, was filed in the United States District Court for the Northern District of Californian and is assigned to the Honorable Edward J. Davila.

KTMC (PRNewsPhoto/Kessler Topaz Meltzer & Check)

CLICK HERE

Dawn Mertineit to Present Webinar on Drafting and Enforcing Restrictive Covenants in Multiple Jurisdictions | Seyfarth Shaw

On Thursday, January 19 at 10 am Eastern, Boston partner Dawn Mertineit is presenting a webinar for the Federal Bar Association and myLawCLE. The “Drafting and Enforcing Restrictive Covenants in Multiple Jurisdictions” webinar covers best practices and key tips for businesses with employees in multiple jurisdictions, from drafting restrictive covenants agreements, implementing a plan to roll those agreements out, and enforcing those agreements should an employee breach them .

Key topics include:

  • Whether to use a single agreement for various jurisdictions, or multiple different agreements
  • Which states have a choice of law or forum provisions to be aware of
  • Which

Ransomware Attacks: Harmless Annoyances or Catastrophic Events? | Seyfarth Shaw

This post was originally published on Seyfarth’s Gadgets, Gigabytes & Goodwill blog.

Ransomware attacks have become one of the most common and pervasive cybercrimes perpetrated against US companies. A bad actor, often from overseas, will gain access to upload malware onto a company’s network storage or application platforms that encrypt all files it can access. A message or text file is usually left with instructions on how to contact the attacker to pay a ransom for the decryption key. In the worst case, a ransomware attack can freeze the business operations by effectively removing access to the company’s critical systems

Immortal Investigated by Law Firm Over Certain In-Game Purchase

Blizzard Entertainment is being questioned by a law firm after it allegedly misrepresented the effects of the purchasable Blessing of the Worthy gem in Diablo: Immortal.

This legendary item now lies at the heart of a potential class action lawsuit from the firm Migliaccio & Rathod LLP, which is investigating Activision Blizzard on the basis that it misrepresented the effects of the Blessing of the Worthy gem.

As reported by Polygon, the description of this gem – which has since been changed to accurately reflect the item’s capabilities – stated that the gem would grant a 20% chance to deal