Garden Leave Provisions in Employment Agreements: 2023 Update

Thomson Reuters Practical Law has released the 2023 update to “Garden Leave Provisions in Employment Agreements,” co-authored by our colleague Peter A. Steinmeyer and Lauri F. Rasnick.

The Note discusses garden leave provisions in employment agreements as an alternative or a companion to traditional employee non-compete agreements. It addresses the differences between garden leave and non-compete provisions, the benefits and drawbacks of garden leave, and drafting considerations for employers that wish to use garden leave provisions. This Note applies to private employers and is jurisdiction neutral.

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

FTC Announces Public Forum on Proposed Noncompete Ban

The Federal Trade Commission (FTC) has announced that it will be hosting a public forum on February 16, 2022, from 12:00-3:00 pm ET, to discuss its proposed nationwide non-compete ban. The forum is intended to supplement the FTC’s request for written comments, which as of today have exceeded 10,000. According to the FTC, “[t]the commission will hear from a series of speakers who have been subject to non-compete restrictions, as well as business owners who have experience with non-competes.” It is unclear whether any of the “business owners who have experience with non-competitors” support their use, or if the …

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

Upcoming Webinars! FTC Proposes Rule Banning Use of Non-Competes. Now What? | Seyfarth Shaw

Thursday, January 12, 2023
3:00 pm to 4:00 pm Eastern
2:00 pm to 3:00 pm Central
1:00 pm to 2:00 pm Mountain
12:00 pm to 1:00 pm Pacific

REGISTER HERE

In the first installment of the 2023 Trade Secrets & Non-Competes Webinar Series, our team will focus on the new Federal Trade Commission’s (“FTC”) proposed rule banning the use of non-competites with employees and workers. If adopted, the proposed rule will bar both prospective and existing non-compete agreements. The proposed rule comes after allegations that some employers were abusing non-compete agreements by deploying such agreements in ways that go well

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Tattooed Chef, Inc. Investors to Secure Counsel Before Important Deadline in First Filed Securities Class

Published: Jan. 23, 2023 at 6:01 PM CST|Updated: 10 hours ago

NEW YORK, Jan. 23, 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 Tattooed Chef, Inc. (NASDAQ:TTCF) between March 20, 2021 and October 12, 2022both dates inclusive (the “Class Period”), of the important February 21, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Tattooed Chef securities during the Class Period you may be entitled to compensation without

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

Comments on FTC’s Proposed Rule Banning Non-Competes With Employees and Workers Now Due March 20th | Seyfarth Shaw

The FTC’s proposed rule banning non-competes with employees and workers has now been published in the Federal Register.

The rule would provide that non-compete clauses are an unfair method of competition and as a result, the rule would ban employers from entering non-compete clauses with their employees and workers (defined by the FTC to include independent contractors and others). The rule would require employers to accept existing non-compete clauses with workers and actively inform their employees that the contracts are no longer in effect. The rule would include a limited exception for non-compete clauses between the seller and buyer of

Webinar Recap! FTC Proposes Rule Banning Use of Non-Competes. Now What? | Seyfarth Shaw

In the first installment of our 2023 Trade Secrets & Non-Competes Webinar Series, Seyfarth partners Kate Perrelli, Michael Wexler, Robert Milligan, Dan Hart, and Dawn Mertineit discussed the new Federal Trade Commission’s (“FTC”) proposed rule banning the use of non-competes with employees and workers. The expert panel addressed what the proposed rule would do and what employers need to know to respond.

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