Majed Dakak, left, and Ryan S. Davis,right, of Kesselman, Brantly & Stockinger. Courtesy photos Federally Banning Non-Compete Agreements
A possible prohibition on non-compete agreements could have hiring and strategy implications for businesses.
May 13, 2022 at 05:00 AM
7 minute read
A federal prohibition on non-compete agreements could be in the cards for 2022, forging the way for more flexible worker mobility in numerous industries. Prohibiting such restraints will have hiring and strategy implications for businesses.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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