New York State Senate Passes Bill to Ban Noncompete Agreements

New York State may soon join the growing list of restricting jurisdictions or banning noncompete agreements. On June 7, 2023 the New York State Senate passed S 3100A (the “Bill”), which would prohibit employers from seeking, requiring, demanding, or accepting certain noncompete agreements.

If adopted and signed into law, the Bill would significantly change the landscape for New York employers, in part because the legislation uses broad–and sometimes vague–definitions. The Bill defines “non-compete agreement,” as “any agreement, or clause contained in any agreement, between an employer and a covered individual that prohibits or restricts such as covered individual from obtaining …

NLRB Finds Its First Noncompete Target—and Its Charges Go Well Beyond an “Overbroad” Noncompete

The National Labor Relations Board (NLRB) has found its first target under recent guidance issued in a memo from its General Counsel claiming that noncompete agreements may violate the National Labor Relations Act (NLRA). According to Bloomberg Law, “[t]the NLRB’s first enforcement action against an employer’s noncompete agreement targeted a Michigan cannabis processor and ended with a recent private settlement resolving the alleged labor law violations.” (The enforcement action predates the guidance memo). Bloomberg obtained redacted documents from the case via a Freedom of Information Act request.

As we previously reported, on May 31, 2023, the NLRB’s top lawyer, Jennifer …

Illinois Court Requires Express Delineation of Any Non-Employment Consideration for a Restrictive Covenant

For the last decade, one of the biggest issues in the Illinois noncompete law has been what constitutes adequate consideration for a post-employment restrictive covenant, apart from employment lasting at least two years after the agreement was signed. The “24 month rule” set forth in Fifield v. Premier Dealer Services, Inc.2013 IL App (1st) 120327 has caused much head-scratching, and the Illinois legislature was essentially punted on the issue in the recent amendments to the Illinois Freedom to Work Act, 820 ILCS 90/1, et seq. (effective as of January 1, 2022). (Full disclosure: One of the authors …

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Vertex Energy, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class

NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Vertex Energy, Inc. (NASDAQ: VTNR) between April 1, 2022 and August 8, 2022, both dates inclusive (the “Class Period”), of the important June 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Vertex Energy 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 Vertex Energy class action, go to https://rosenlegal.com/submit-form/?case_id=12724 or call

Justice Department Announces Trade Secret Theft and Other Charges Following Recently Launched Technology Strike Force

Earlier this year, the United States Department of Justice (“DOJ”) announced that it was launching the Disruptive Technology Strike Force (“Strike Force”) in an effort “to target illicit actors, strengthen supply chains and protect critical technological assets from being acquired or used by nation-state adversaries.” The DOJ’s initial announcement can be found here. The Strike Force is co-led by the DOJ and Commerce Department with the goal of countering efforts by hostile nation-states seeking to illegally acquire sensitive United States technology. On May 16, 2023, the DOJ announced criminal charges in five cases from five different US Attorney’s Offices in …

The Klein Law Firm Announces a Lead Plaintiff Deadline of June 23, 2023 in the Class Action Filed on Behalf of First Republic Bank Shareholders

NEW YORK, May 9, 2023 /PRNewswire/ — The Klein Law Firm announced that a class action complaint has been filed on behalf of shareholders of First Republic Bank (NYSE: FRC) alleging that the Company violated federal securities laws.

Class Period: January 14, 2021 to March 14, 2023
Lead Plaintiff Deadline: June 23, 2023
No obligation or cost to you.

Learn more about your recoverable losses in FRC:
https://www.kleinstocklaw.com/pslra-1/first-republic-lawsuit-loss-submission-form?id=39110&from=4

First Republic Bank NEWS – FRC NEWS

CLASS ACTION CASE DETAILS: According to the complaint, the Defendants misrepresented the strength of the Company’s balance sheet and liquidity position, while also understating

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Rite Aid Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class

NEW YORK, May 5, 2023 /PRNewswire/ —

Rosen Law Firm, PA Logo

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 commenced by the Firm.

SO WHAT: If you purchased Rite Aid 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

Shateah Wetering enters the NCAA transfer portal, roster spot opens for Iowa

After a historic 2022-23 season that included a trip to the title game, Iowa fans are clamoring for a chance to see Caitlin Clark and the Hawkeyes back on the game’s biggest stage.

The proper ending would result with Clark and co. on top hoisting the national championship trophy. Of course, one half of The Law Firm is moving on from Iowa City.

Monika Czinano exhausted her eligibility and is off to the WNBA after being selected with pick No. 26 by the Los Angeles Sparks. Losing the nation’s top field goal percentage artist means somebody needs to elevate their