New York Supreme Court judge weighs in ahead of Jack Nicklaus, Nicklaus Companies trial

  • 📰 DispatchAlerts
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 68%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Court ruling does allow Jack Nicklaus to compete with Nicklaus Companies, for design work and other business.

, the complaint alleged tortious interference, breach of contract and breach of fiduciary duty while claiming Nicklaus was paid $145 million in 2007 to provide exclusive services and property to the Nicklaus Companies.

One breach of contract mentioned in the suit was Nicklaus’ negotiations with the Saudi Arabia Public Investment Fund and the $100 million offer from LIV Golf to be its CEO.However, a New York Supreme Court judge, Justice Joel M. Cohen, weighed in this week with the following ruling until these matters are resolved at a full trial, possibly in 2023 :

it is further ORDERED that Plaintiff’s motion for a preliminary injunction is otherwise DENIED, including but not limited to the extent that it sought to enforce against Defendants any noncompete and non-solicitation provisions contained in the PSA, the Amended and Restated Limited Liability Company Agreement and Non-Competition Agreement ; for the avoidance of doubt, Defendants are free from contractual restrictions on competition and solicitation with respect to the Company other than the...

“It is also important to understand that while the court declined to issue a preliminary injunction as to whether Mr. Nicklaus can compete with Nicklaus Companies in designing golf courses, this is only pending a full trial to determine whether or not he has that right. Plus, any such design work would be subject to the court’s limitations on any use of the Nicklaus Companies’ intellectual property — or any use of Mr. Nickalus’ name, image and likeness — to endorse the golf course.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 72. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sued by Nicklaus Companies, Jack Nicklaus can again design golf courses under his name, judge rulesA New York Supreme Court judge has ruled Jack Nicklaus can return to his golf course design career on his own and in his own name.
Source: usatodaysports - 🏆 454. / 53 Read more »

Rising climate costs to challenge countries, companies in 2023In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability. Horseshit. None of these are more frequent. Inflation may be driving up losses (along w more people living in high risk areas), but that’s not climate. The planet has its own cycles and they are more powerful and determining than our insignificant actions. The planet needs to up and down temperatures. Humans are living in the short period of time the planet allows them to live. There's nothing we can do about it.
Source: ReutersScience - 🏆 559. / 51 Read more »