Posts
July 24 2024
Client Alert: Pennsylvania Court Denies Preliminary Injunction of FTC Noncompete Rule
Less than two weeks after a Texas federal court declined to issue a nationwide preliminary injunction enjoining the Federal Trade Commission (“FTC”) rule banning most employee noncompetition agreements (the “Noncompete Rule”) from going into effect, except as to the plaintiff in that case, a Pennsylvania federal court refused to enjoin the Noncompete rule from going into effect.
Click here to read the alert.
July 19 2024
NANO Nuclear Energy announced the closing of its underwritten follow-on public offering in the amount of $20,000,000. EGS acted as counsel to NANO Nuclear Energy.
July 18 2024
AIB Acquisition Corporation, a special purpose acquisition company, announced the completion of its previously announced business combination with PS International Group Ltd. (together with PSI Group Holdings Ltd and its operating subsidiaries), a long-established global logistics service provider headquartered in Hong Kong specializing in cross-border air freight services. EGS acted as U.S. counsel to AIB Acquisition Corporation.
July 18 2024
Client Alert: California Supreme Court Eliminates “Two Strike” Rule For Employment Contract Unconscionability
In a watershed ruling for employers across the state, this week the California Supreme Court threw out the long-standing presumption against arbitration if an employment agreement contains multiple unconscionable terms. The Court rejected the often-applied “two strike” rule that employees need to establish only two unconscionable terms to escape a contractual obligation to arbitrate.
Click here to read the alert.
July 16 2024
Peter Wilms, an associate of the Firm, wrote an article for Total Food Service titled: “Can You Fire an Employee For Their Political Speech?”
Click here to read the article.
July 16 2024 Event
Join Amanda Fugazy and Steven Nevolis for In-House Connect’s next edition of their IHC Employment Law Series – Top 10 Wage & Hour Mistakes for Employers on Tuesday July 16th at 12pm.
Click here to register.
July 15 2024
Launch One Acquisition Corp. announced the closing of its initial public offering in the amount of $230,000,000. EGS acted as counsel to Launch One Acquisition Corp.
July 11 2024
Client Alert: Pennsylvania Court May Enjoin FTC Noncompete Rule Nation-Wide After Texas Decision
As predicted, a Texas federal court issued a preliminary injunction preventing a Federal Trade Commission (“Commission” or “FTC”) rule banning most employee noncompetition agreements (the “Noncompete Rule”), from going into effect. However, the preliminary injunction applies only to the plaintiffs before that court. The court has promised a ruling on the merits by August 30, 2024, six days before the Noncompete Rule is scheduled to go into effect on September 4, 2024.
Click here to read the alert.