Category: Law Firm

Minnesota Takes Step Toward Banning Non-Competes

It is no secret that political winds are blowing against the practice of employers requiring certain employees to sign non-competition agreements, as demonstrated most saliently earlier this year when the Federal Trade Commission (“FTC”) introduced its proposed rule that would ban non- competes nationwide, with retroactive effect. While thousands of comments have been submitted to the FTC regarding that proposed rule (and the comment period is scheduled to close this week), legislators in many states have been busy introducing legislation that would ban or limit the use of non-competes.Minnesota may be moving toward the front of the pack of…Continue Reading

(SPAC) Special Purpose Acquisition Investigation: PWP,

SAN DIEGO, March 29, 2023 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of law in connection with the following special purpose acquisition companies (“SPACs”): Perella Weinberg Partners f/k/a Fintech Acquisition Corporation IV (NASDAQ: PWP) Porch.com f/k/a PropTech Acquisition Corporation (NASDAQ: PRCH) Shift Technologies, Inc. f/k/a Insurance Acquisition Corporation (NASDAQ: SFT): Skillsoft Corp. f/k/a Churchill Capital Corporation II (NYSE: SKIL) If you are an investor purchasing any of the SPACs below and suffering losses: Click or paste the following web address into your browser to submit your information: Perella Weinberg Partners f/k/a Fintech Acquisition…Continue Reading

TAL INVESTOR NOTICE: ROSEN, RECOGNIZED INVESTOR COUNSEL,

NEW YORK, March 29, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announced it has filed a class action lawsuit on behalf of purchasers of American Depository Shares (“ADSs”) of TAL Education Group (NYSE: TAL) between June 14, 2022 and March 14, 2023, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than May 30, 2023. SO WHAT: If you purchased TAL securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency…Continue Reading

FTC Commissioner Christine Wilson, the Lone Dissenting Voice on the FTC’s Proposed Noncompete Ban, Resigns

FTC Commissioner Christine Wilson, published an Op-Ed in the Wall Street Journal today in which she announced her resignation from the FTC and explained her reasoning. Readers may recall that Commissioner Wilson was the lone dissenting voice on the FTC’s proposed banning rule non-competes nationwide.In the Op-Ed, Commissioner Wilson says that her decision to resign arose out of FTC Chair Lina Khan’s “disregard for the rule of law and due process and the way senior FTC officials enable her,” concluding with: “I refuse to give their endeavor any further hint of legitimacy by remaining” at the Commission. Relevant to…Continue Reading

Company Investigated by the Portnoy

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 29, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advisesZoomInfo Technologies (“ZoomInfo” or the “Company”) (NASDAQ: ZI) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. ZoomInfo investors who lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact an attorney Lesley F. Portnoyby phone 844-767-8529 or e-mail: [email protected], to discuss their legal rights, or click here to join the case…Continue Reading

Please contact the Portnoy Law Firm to recover

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 29, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Tesla, Inc. (“Tesla” or the “Company”)(NASDAQ:TSLA) investors that a lawsuit filed on behalf of investors that purchased Tesla securities (NASDAQ:TSLA) between February 19, 2019 and February 17, 2023, inclusive (the “Class Period ”) Investors are encouraged to contact an attorney Lesley F. Portnoyby phone 844-767-8529 or e-mail: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a free case…Continue Reading

Trade Secrets Litigation: 2023 Update

Thomson Reuters Practical Law has released the 2023 update to “Trade Secrets Litigation,” co-authored by our colleague Peter A. Steinmeyer.Following is an excerpt (see below to download the full article in PDF format): Trade secrets are often an employer’s most valuable assets. When an employee or former employee misappropriates an employer’s trade secrets, the employer frequently initiates litigation with several goals in mind, including:Preventing further unauthorized use or disclosure of its trade secrets. Recovering the trade secrets. Obtaining damages.This Practice Note discusses trade secrets litigation. In particular, it addresses:Preliminary steps to consider, such as sending a…Continue Reading

White & Case settles with SPAC after derailed $480 mln deal

White & Case and Colonnade Acquisition Corp II have “amically resolved” disputes, the filing says Law firm sued for more than $8.2 million in legal fees(Reuters) – Law firm White & Case has quickly ended a lawsuit seeking legal fees from a special purpose acquisition company whose plans for a $480 million merger fizzled. White & Case, which last week sued former SPAC client Colonnade Acquisition Corp II and its directors in New York state court for more than $8.2 million, said in a Friday filing the parties “have amicably resolved their disputes.” The claims are “voluntarily discontinued with…Continue Reading