Preparing for Non-Compete Litigation: 2023 Update

Thomson Reuters Practical Law has released the 2023 update to “Preparing for Non-Compete Litigation,” co-authored by our colleague Peter A. Steinmeyer.

Following is an excerpt (see below to download the full version in PDF format):

Non-compete litigation is typically fast-paced and expensive. An employer must act quickly when it suspects that an employee or former employee is violating a non-compete agreement (also referred to as a non-competition agreement or non-compete). It is critical to confirm that there is sufficient factual and legal support before initiating legal action. Filing a complaint for monetary damages or a request for an injunction can …

The Klein Law Firm Announces a Lead Plaintiff Deadline of April 3, 2023 in the Class Action Filed on Behalf of Invivyd, Inc. f/k/a Adagio Therapeutics, Inc.

NEW YORK, Feb. 7, 2023 /PRNewswire/ — The Klein Law Firm announced that a class action complaint has been filed on behalf of shareholders of Invivyd, Inc. f/k/a Adagio Therapeutics, Inc. (NASDAQ: IVVD) alleging that the Company violated federal securities laws.

This lawsuit is on behalf of all purchasers of Adagio common stock between November 29, 2021 and December 14, 2021both dates inclusive.
Lead Plaintiff Deadline: April 3, 2023
No obligation or cost to you.

Learn more about your recoverable losses in IVVD:
https://www.kleinstocklaw.com/pslra-1/invivyd-class-action-submission-form?id=36279&from=4

Invivid, Inc. f/k/a Adagio Therapeutics, Inc. NEWS – IVVD NEWS

CLASS ACTION CASE DETAILS:

ROSEN, A TOP RANKED LAW FIRM, Encourages ESS Tech Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm

Published: Feb. 4, 2023 at 11:45 AM EST|Updated: 21 hours ago

NEW YORK, Feb. 4, 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 ESS Tech Inc. (NYSE:GWH) between August 11, 2022 and December 7, 2022both dates inclusive (the “Class Period”), of the important March 13, 2023 lead plaintiff deadline.

SO WHAT: If you purchased ESS Tech securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sunlight Financial Holdings Inc.

NEW YORK, Jan. 30, 2023 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Sunlight Financial Holdings Inc. (“Sunlight” or the “Company”) (NYSE: SUNL). 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 Sunlight 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 September 28, 2022Sunlight issued a press release “announc[ing] that an installer liquidity event and volatile interest rates will impact its full-year 2022 financial performance”

Webinar Recap! 2022 Trade Secrets & Non-Competes Year in Review | Seyfarth Shaw

In the second installment of the 2023 Trade Secrets Webinar Series, Seyfarth attorneys reviewed 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 provided predictions for what to expect in 2023.

As a conclusion to this webinar, we compiled a summary of takeaways:

  • The FTC’s attempted regulation of employment non-competes as part of its rulemaking powers is unprecedented in the 109 years since its creation in 1914. The FTC bases its rulemaking authority on Section 5

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

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