On May 31, 2023, a Harris County Texas District Court jury found a telecom company acted in bad faith by filing a $23 million trade secret misappropriation lawsuit against a rival where the underlying technology was found to not actually be a trade secret. Background & Analysis In February 2019, Telecom firm Teligistics, Inc. (“Teligistics”) […]
© Reuters. FILE PHOTO: Signage is seen outside of the Paul Hastings law firm in Washington, DC, US, August 30, 2020. REUTERS/Andrew Kelly By Chinekwu Osakwe (Reuters) – US law firm Paul Hastings said Thursday that it has hired two partners from rival Goodwin Procter as practice leaders in New York and Washington, DC Seo […]
We wrote previously about how nobody seemed to be talking seriously about the noncompete bill that was passed by both the New York General Assembly and Senate last month. If signed by Governor Hochul, the bill would ban non-competes without a carveout even in the sale of a business context, which both California and the […]
Shares of Mullen Automotive Inc. bounced Wednesday, after the electric-vehicle maker said he retained a law firm to help him combat illegal naked short-selling activities. The stock MULN, +5.75% bounced 2.9% in morning trading, after falling 6.3% on Monday to close at a record low of 10.1 cents. It suffered a record 85.2% monthly plunge […]
New York is poised to join the growing number of states enacting legislation to curtail the use of non-compete agreements by employers. On June 7, 2023, the New York State Senate voted to pass Bill No. S3100A, which, if enacted, would ban all post-employment non-compete agreements, along with Bill No. S6748, which is generally aimed […]
Now on Spilling Secrets, our podcast series on the future of non-compete and trade secret law: Trade secrets and non-compete litigation can result in massive damage awards, but those cases can also be unpredictable. Many viable trade secret claims went unexplored due to financial limitations or a lack of willingness to invest in litigation. Attorney […]
PRESS RELEASE Published June 15, 2023 LOS ANGELES, CA / ACCESSWIRE / June 15, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Canopy Growth Corporation (“Canopy Growth” or “the Company”) (NASDAQ:CGC) for violations of §§10(b) and 20 (a) of the Securities Exchange Act […]
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 […]