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Coerced Patronage Brokers

Sheppard Mullin Richter & Hampton LLP

Ninth Circuit Holds that Federal Securities Laws Preempt California Labor Code's Ban on Forced Patronage at Brokerage Firms

In McDaniel v. Wells Fargo Investments, LLC, Nos. 11-17017, 11-55859, 11-55943, 11-55958, 2013 WL 1405949 (9th Cir. Apr. 9, 2013), the United States Court of Appeals for the Ninth Circuit affirmed the dismissal of four class...more

Allen Matkins

Ninth Circuit Holds Private Company Rules Preempt California Law

Allen Matkins on

California Labor Code Section 450(a) forbids employers from coercing the patronage of their employees: It provides...more

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