100 Industry Organizations Request Extension of Comment Period on FTC’s Proposed Noncompete Ban

100 Industry Organizations Request Extension of Comment Period on FTC’s Proposed Noncompete Ban

As we predicted, earlier today, 100 industry organizations submitted a request to the Federal Trade Commission (FTC) to extend the comment period for its proposed rule banning non-competes nationwide by an additional 60 days. According to the letter, “[t]he regulated community should be given sufficient time to assess the potential consequences of the rulemaking and develop insightful comments for the Commission to consider.” The letter further states: This rulemaking, as the FTC itself acknowledges, will impact a significant portion of the economy. Given the breadth of the rules, a sufficient comment period is needed to ensure the regulated community can fully assess its effects.…

10,000 Lakes and .  .  .  No Noncompetitive?  Minnesota Passes Law Banning Non-Competes Effective July 1, 2023

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.…

Spilling Secrets Podcast: How to Secure Key Employees in Health Care M&A Transactions

Spilling Secrets Podcast: How to Secure Key Employees in Health Care M&A Transactions

Now on Spilling Secrets, our podcast series on the future of non-compete and trade secret law: Human capital often drives the value of merger and acquisition (M&A) deals in the health care industry. Buyers involved in these deals must retain key employees to secure that value. Epstein Becker Green’s Spilling Secrets hosts Erik W. Weibust and Katherine G. Rigby join forces with the Healthcare Diagnostics podcast hosts Daniel L. Fahey and Timothy J. Murphy to talk about strategies to retain these employees. * * * Tune in to Spilling Secrets, a podcast series on the future of trade secrets and non-compete law.…

2023-04-19 |  Press Release |  ROSEN, A LONGSTANDING LAW FIRM, Encourages Hesai Group Investors to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm

2023-04-19 | Press Release | ROSEN, A LONGSTANDING LAW FIRM, Encourages Hesai Group Investors to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm

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 action commenced by the Firm. SO WHAT: If you purchased Hesai securities 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 Hesai class action, go to https://rosenlegal.com/submit-form/?case_id=13347…