The two states recently have enacted restrictions on noncompete agreements being used in certain professions. In Maine, on June 1, 2023, the Governor signed into law LD 688/HP 457, entitled “An Act to Protect Access to Veterinary Care by Prohibiting Noncompete Agreements.” The act amends Maine Revised Statute title 26, § 599-A, which already prohibits an employer from entering into a noncompete with an employee if the employee is earning wages at or below 400% of the federal poverty level. The new amendment expands the noncompete ban to licensed Maine veterinarians, with a carve out for those with an ownership interest in a practice.…
Category: Law Firm
McInnes Cooper merges with Sydney law firm LaFosse McLeod
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSYDNEY, NS — Law firm McInnes Cooper has increased its presence in Cape Breton by merging with LaFosse McLeod. McInnes Cooper established in Sydney when it merged with Breton Law Group in September 2022. Although announced earlier, the merger with LaFosse McLeod became official Monday. “It was just a good fit for both of us really. They are providing a lot of access to resources, a great team, a great collaborative environment. … It’s just really a positive thing for both of us, ” said Ian Parker, who was the managing partner at LaFosse MacLeod and is now a partner at McInnes Cooper.…
ROSEN, A TOP RANKED LAW FIRM, Encourages Virtu Financial, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – VIRT – Virtu Finl (NASDAQ:VIRT)
NEW YORK, June 13, 2023 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Virtu Financial, Inc., VIRT between March 1, 2019 and April 28, 2023both dates inclusive (the “Class Period”) of the important July 18, 2023 lead plaintiff deadline. SO WHAT: If you purchased Virtu 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 Virtu class action, go to https://rosenlegal.com/submit-form/?case_id=16420 or call Philip Kim, Esq. toll-free at 866-767-3653 or email [email protected]…
Norwich Township paid Christian-focused law firm to draft flag bylaw
The southwestern Ontario township in the midst of a culture war over gay Pride symbols hired a boutique law firm that specializes in representing churches and religious institutions to help it draft its flag by law, CBC News has learned. Norwich Township used the Ottawa-based Acacia Group to help it come up with its flag and banner policy, township clerk and chief administrative officer Kyle Kruger confirmed. The controversial bylaw forbids non-civic flags from being flown on municipal property and led one councillor to resign in protest. The Acacia Group is a law firm with Christian roots. A statement on the website said the company “seeks to preserve our clients’ ministries, their good works and their legacy for many generations.”…
Senators Release Report from Government Watchdog on the Prevalence and Economic Effects of Noncompete Agreements Amid Intensifying Federal and State Efforts to Restrict Use
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 impact on limiting workers’ fundamental freedom to change jobs,” and pledged to “fight tooth and nail for fair labor laws that protect workers and promote the creation of new businesses in Oregon and nationwide.”In March 2019, Wyden and a bipartisan group of US senators – including Todd Young (R-IN) and Marco Rubio (R-FL) – requested that the GAO investigate the prevalence of noncompetes in the US and the effects of such agreements on workers and the economy as a whole.…
10,000 Lakes and . . . No Noncompetitive? Minnesota Passes Law Banning Non-Competes Effective July 1, 2023
As expected, on May 24, 2023, Governor Tim Walz signed a new law banning noncompete agreement in Minnesota. The ban will be effective for such agreements entered on or after July 1, 2023. By enacting the Omnibus Jobs, Economic Development, Labor and Industry appropriations bill (MN SF 30035), Minnesota becomes only the fourth state (along with California, Oklahoma and North Dakota) to ban noncompetitors.The new law renders void and unenforceable all covenants not to compete entered by employees or independent contractors on or after July 1, 2023. The only exceptions are noncompetitive agreements relating to the sale or dissolution of a business.…