FTC Commissioner Christine Wilson, the Lone Dissenting Voice on the FTC’s Proposed Noncompete Ban, Resigns

FTC Commissioner Christine Wilson, published an Op-Ed in the Wall Street Journal today in which she announced her resignation from the FTC and explained her reasoning. Readers may recall that Commissioner Wilson was the lone dissenting voice on the FTC’s proposed banning rule non-competes nationwide.

In the Op-Ed, Commissioner Wilson says that her decision to resign arose out of FTC Chair Lina Khan’s “disregard for the rule of law and due process and the way senior FTC officials enable her,” concluding with: “I refuse to give their endeavor any further hint of legitimacy by remaining” at the Commission. Relevant to …

Legislation Reintroduced in Congress to Ban Non-Compete Agreements and Seeking to Go Even Further than the FTC’s Proposed Ban | Seyfarth Shaw

US Senator Chris Murphy (D-Conn.) and US Senator Todd Young (R-Ind.) on February 1st reintroduced the Workforce Mobility Act. The legislation would ban the use of non-compete agreements with some limited exceptions. US Representative Scott Peters (D-Calif.-52) and US Representative Mike Gallagher (R-Wis.-08) introduced the legislation in the US House of Representatives. US Senator Tim Kaine (D-Va.) and US Senator Kevin Cramer (RN.D.) co-sponsored the legislation. The bill was previously introduced in the House of Representatives in 2021.

“Across industries and income brackets, non-competitives are terrible for workers and a major drag on economic growth. It’s ridiculous we

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Daktronics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action

NEW YORK, Jan. 31, 2023 /PRNewswire/ —

Rosen Law Firm, PA Logo

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Daktronics, Inc. (NASDAQ:DAKT) between March 10, 2022 and December 6, 2022both dates inclusive (the “Class Period”), of the important February 21, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Daktronics securities during the Class Period 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 Daktronics class action, go to https://rosenlegal.com/submit-form/?case_id=10608 or call Philip Kim, Esq.

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

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)

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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

No Non-Compete? No Problem. Texas Court Grants TRO Forcing Former Employees to Stop Working for Competing Business.

Restrictive covenants and non-compete agreements have been a frequent topic of this blog in recent months, and rightly so. Non-competitors are generally thought to be effective tools to help firms protect trade secrets and competitive advantages. However, these agreements are falling out of favor across the country – the DOJ recently files a Statement of Interest in a state court case taking the position that non-competites may violate the Sherman Antitrust Act. Further, states continue to pass laws limiting or banning the use of noncompete agreements, including Illinois, Oregon, Nevada, DCand Colorado.

But one Texas