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 […]
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 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 […]
The UK government has announced that it will bring in legislation to restrict the post-employment non-compete restraints to three months. This is a significant proposal as currently non-compete restrictions in the UK are generally capable of being enforced for a period up to 12 months (if they are “no more restrictive than is reasonably necessary […]
Jesse Coleman, a Partner in Seyfarth’s Commercial Litigation practice group, will present at the American Intellectual Property Law Association’s “Working with Experts and Recent Developments In Trade Secrets Damages” webinar on Wednesday, May 17, 2023 at 12:30 pm ET. Jesse will be presenting alongside other leading practitioners in the area, including Brent Bersin (FTI), Lawrence […]
LOS ANGELES, CA / ACCESSWIRE / May 11, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Wheels Up Experience Inc. (“Wheels Up” or “the Company”) (NYSE:UP) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated […]
NEW YORK, May 5, 2023 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 26, 2018 and March 13, 2023both dates inclusive (the “Class Period”), of the important May 19, 2023 lead plaintiff deadline in the securities class action […]
NEW YORK, April 19, 2023 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Hesai Group (NASDAQ: HSAI) pursuant and/or traceable to the Company’s initial public offering conducted in February 2023 (the “IPO”), of the important June 6, 2023 lead plaintiff deadline in the securities class […]