Law Firm

FTC Proposes to Sweep Away All Noncompetites in Unauthorized Federal Power Grab

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our colleagues Erik W. Weibust, Peter A. Steinmeyer, and Stuart M. Gershon co-authored an article in the legal backgrounder, published by the Washington Legal Foundation, titled “After 200+ Years Under State Law, FTC Proposes to Sweep Away All Noncompetites in Unauthorized Federal Power Grab.”

Following is an excerpt:

For over 200 years, the regulation of non-competition agreements (“non-competitions”) has been entirely the province of state law. Forty-seven states currently permit noncompetes, and the most recent state to ban them was Oklahoma in 1890. Yet the Biden Administration and its activist Federal Trade Commission (“FTC”) Chair want to do exactly that …

Law Firm

FTC Enforcement Actions Stake Out Aggressive New Position on Post-Employment Non-Compete Agreements

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“Practices that three unelected bureaucrats find distasteful will be labeled with nefarious adjectives and summarily condemned, with little to no evidence of harm to competition. I fear the consequences for our economy, and for the FTC as an institution”

– FTC Commissioner Christine S. Wilson

The Federal Trade Commission (“FTC”) started 2023 with a bang. In addition to issuing a proposed Rule that would ban post-employment non-competes nationwide, the FTC announced that it had settled two previously undisclosed enforcement actions and entered into proposed consent orders with three employers based on a novel legal theory. According to the Complaints filed …

Law Firm

Small Business – Picayune Items

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NEW YORK, Jan. 12, 2023 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Twist Bioscience Corporation (“Twist” or the “Company”) (NASDAQ: TWST). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

Fighting for victims of securities fraud for more than 85 years (PRNewsfoto/Pomerantz LLP)

The investigation concerns whether Twist and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On November 15, 2022, Scorpion Capital published a short report on Twist (the “Scorpion Report”). The Scorpion Report described Twist as “[t]he latest miniaturized ‘lab-on-a-chip’ scam,

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Law Firm

Restrictive Covenants in the Fifth Circuit

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Restrictive covenants not to compete, or non-compete agreements, are one of a variety of tools companies use to protect their trade secrets and competitive advantage. However, whether a court will enforce a restrictive covenant varies widely across jurisdictions, including across states within the Fifth Circuit. For example, the Louisiana statute governing restrictive covenants applies a two-year durational limit, while Mississippi common law applies a more general ‘reasonable and specific’ standard to the duration and geographic scope of a restrictive covenant. In addition, Mississippi courts must balance the rights of the employer, the employee, and the public when enforcing restrictive covenants.

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Law Firm

Restrictive Covenants in the First Circuit

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To continue our series on trade secret employee contract clauses, we’ve surveyed the First Circuit for updates to the law relating to restrictive covenants. Such covenants remain predominantly governed by statutes in Maine, Massachusetts, New Hampshire, and Rhode Island, while Puerto Rico continues to govern them by common law. And with no significant updates since 2020, restrictive covenants remain disfavored and under increased scrutiny in the First Circuit. Generally, these courts will only enforce noncompete agreements that are reasonable, no broader than necessary to protect an employer’s legitimate business interests, properly noticed, and in line with public policy. The applicable

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Law Firm

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Torrid Holdings Investors to Secure Counsel Before Important January 17 Deadline in Securities Class Action

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NEW YORK, Jan. 9, 2023 /PRNewswire/ —

Rosen Law Firm, PA Logo

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Torrid Holdings (NYSE: CURV) pursuant and/or traceable to the Company’s initial public offering conducted in July 2021 (the “IPO”), of the important January 17, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Torrid securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Torrid class action, go to https://rosenlegal.com/submit-form/?case_id=9874 or call Philip Kim, Esq. toll-free

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Law Firm

The Best Diamond Rings for Wedding Anniversaries

by enif

Celebrating a wedding anniversary is a special occasion, often marked by the exchange of gifts that symbolize love and commitment. Among the most cherished gifts are diamond rings, which serve as lasting tokens of affection. Whether it’s the first anniversary or the fiftieth, choosing the right diamond ring can convey deep emotions and create a memorable celebration. This article will explore some of the best diamond rings for wedding anniversaries, ensuring your gift is both meaningful and timeless.

Classic Solitaire Rings

The classic solitaire diamond ring is a timeless choice for any anniversary. Featuring a single, stunning diamond set …

Law Firm

Class Action Lawsuit Filed to Recover

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Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, June 29, 2022 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Amazon.com, Inc. (“Amazon” or the “Company”) (NASDAQ: AMZN) investors that a class action filed on behalf of investors that purchased Amazon shares and lost money are encouraged to contact the firm to discuss their legal rights.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide

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