On August 20, 2024, the United States District Court for the Northern District of Texas issued a Memorandum Opinion and Order setting aside, on a nationwide basis, the Federal Trade Commission’s (“FTC”) Non-Compete Rule (Ryan LLC v. Federal Trade Commission (3:24-cv-986)). The Court decided that the FTC’s Non-Compete Rule was unlawful and exceeded the FTC’s
Jaspan Schlesinger LLP
Jaspan Schlesinger LLP Blogs
Latest from Jaspan Schlesinger LLP
Fierce Competition – Update on Litigation of FTC’s Non-Compete Ban
As we discussed in an earlier post, the Federal Trade Commission (“FTC”) issued a final rule prohibiting post-employment non-compete clauses for workers in the United States. FTC’s final rule takes effect on September 4, 2024. However, the rule is currently being litigated in several jurisdictions, including applications for preliminary injunction to prevent it from…
Key Questions to Ask a Divorce Attorney During a Consultation
Meeting with a divorce attorney for the first time can be scary as you start to navigate through the unknown. Many individuals describe the divorce process as one of the worst/most vulnerable times of their lives, so finding an attorney that you feel comfortable with is very important.
During a consult you may feel as…
Transparency is in Your Future –Reporting Company Exemptions under the Corporate Transparency Act
For those of you following our Transparency-is-in-Your-Future series, you already know that the Corporate Transparency Act (“CTA”) went into effect on January 1, 2024 and now entities of all shapes and sizes are scrambling to figure out what information they need to report and when, or if they are perhaps exempt from the reporting requirements…
In An RPAPL 881 Proceeding, Appellate Division Finds That A Licensor May Be Entitled To Recover Damages When Licensee Fails to Provide Proof of Sufficient Insurance
In An RPAPL 881 Proceeding, Appellate Division Finds That A Licensor May Be Entitled To Recover Damages When Licensee Fails to Provide Proof of Sufficient Insurance[1]
The adequacy of the insurance required to be provided by a property owner seeking to obtain a license to enter onto an adjacent property in order to…
Transparency is in Your Future – New York’s Own Version of the Corporate Transparency Act focused on Limited Liability Companies
As covered in our Transparency-is-in-Your-Future series, Congress enacted the Corporate Transparency Act (“CTA”), requiring certain entities that are not otherwise exempt to file information about their beneficial ownership with the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). On December 22, 2023, New York Governor Kathy Hochul signed into law a similar act, the LLC Transparency…
Governor Signs Bill Limiting Amount Which May Be Withheld For Retainage On Private Construction Contracts
Governor Signs Bill Limiting Amount Which May Be Withheld For Retainage On Private Construction Contracts[1]
On November 17, 2023, Governor Hochul signed a bill[2] which, among other things, limits the amount of retainage which may be withheld on private construction contracts which equal or exceed $150,000 to no more than five percent. …
Transparency is in Your Future – Am I a Beneficial Owner under the Corporate Transparency Act?
Continuing our Transparency-is-in-Your-Future series, we now turn our focus to the beneficial ownership reporting requirements established in the (i) Corporate Transparency Act (“CTA”) and (ii) related regulations adopted by U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”).
FinCEN’s final rule is effective January 1, 2024. As this deadline approaches, we thought it would be helpful…
Ted Lasso’s Wizardry and Insights into Transactional Legal Practice
The Apple TV streaming series Ted Lasso is unlike any television show I’ve encountered. With the explosion of online streaming content, many high quality streaming series (GoT, Ozark, Chernobyl, Bloodline, etc.) pride themselves on grittiness and high drama. Ted Lasso is the antithesis. The series consistently provides uplifting, feel-good viewing on a humorous backdrop. Compared…
Update Regarding New York Mandatory Sexual Harassment Prevention Policy
The New York labor law requires every employer, no matter its size (including a family business), to adopt a sexual harassment prevention policy that meets or exceeds the minimum standards set by New York State. Every such policy must include examples of prohibited conduct, a complaint form, procedures for investigation of any complaint, information on…