On June 5, 2019, the Securities and Exchange Commission (“SEC”) voted to adopt “Regulation Best Interest,” which is intended to increase the duties a broker-dealer owes to its clients. While SEC-registered investment advisors...more
6/7/2019
/ Best Interest Standard ,
Broker-Dealer ,
Conflicts of Interest ,
Employee Benefits ,
Fiduciary Duty ,
Financial Industry Regulatory Authority (FINRA) ,
Individual Retirement Account (IRA) ,
New Rules ,
Registered Investment Advisors ,
Regulatory Standards ,
Retirement Plan ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Suitability Rule
Caramel Crisp LLC, the owner of Garrett Popcorn Shops (“Garrett”), the renowned Chicago-based purveyor of deliciously flavored popcorn, recently filed suit in federal court in Chicago against its former director of research...more
A small, Chicago-based magnetic picture frame developer’s claims for trade secret misappropriation against a photo album manufacturer will be headed to trial after an Illinois federal district court largely denied the...more
A Massachusetts Federal Court recently enjoined the former Director of Research and Development and Quality Assurance of National Fish & Seafood, Inc. (“National Fish”) from working for a competing seafood supplier based in...more
9/21/2018
/ Employee Handbooks ,
Employees ,
Employment Litigation ,
Employment Policies ,
Fishing Industry ,
Intellectual Property Protection ,
Material Dissemination ,
Misappropriation ,
Proprietary Information ,
Terms and Conditions ,
Trade Secrets
In a classic example of bad facts creating bad law, a federal judge in Kentucky recently denied a motion to dismiss claims brought against attorneys who allegedly counseled employees to breach a non-compete agreement and...more
7/18/2018
/ Banking Sector ,
Breach of Contract ,
Breach of Duty ,
Fiduciary Duty ,
Legal Advice ,
Legal Representatives ,
Misappropriation ,
Motion to Dismiss ,
Non-Compete Agreements ,
Pre-Employment Agreements ,
Tortious Interference ,
Trade Secrets ,
Wells Fargo
For the third year in a row, the Washington state legislature failed to pass non-compete legislation, declining to take action on two separate bills that would have severely restricted employers’ ability to enforce former...more
On January 23, 2018, the Consumer Financial Protection Bureau’s (“CFPB”) Acting Director, Mick Mulvaney, issued a mission statement to the CFPB redirecting the agency’s mission and focus. Mulvaney emphasized that the law...more
1/29/2018
/ Banking Sector ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Deregulation ,
Enforcement Actions ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Mission Statement ,
Regulatory Agencies
Hearkening back to the rivalry between the Boston Celtics and Los Angeles Lakers in the 1980s, Massachusetts courts (as well as others around the country) have increasingly been asked to analyze the application of California...more
Fresh off of signing the Defend Trade Secrets Act, the White House released a report yesterday entitled “Non-Compete Reform: A Policymaker’s Guide to State Policies,” which contains information on state policies related to...more
As has been well-chronicled in this blog, Massachusetts and many other states (and even the federal government) have been grappling with proposed legislation that would ban or severely limit non-competes in employment...more
Welcome to the fourth issue of Securities and Corporate Governance Litigation Quarterly, Seyfarth’s quarterly publication of the Securities & Financial Litigation Group focusing on decisions or other items of interest for...more
7/31/2015
/ Board of Directors ,
Breach of Duty ,
Buyers ,
Corporate Governance ,
Covenant of Good Faith and Fair Dealing ,
Criminal Prosecution ,
Earn-Outs ,
False Statements ,
Fiduciary Duty ,
Insider Trading ,
Insolvency ,
Investors ,
Kickbacks ,
Omnicare ,
Pleadings ,
Securities ,
Sellers ,
Shareholder Rights ,
Shareholders ,
Tippees