Dozens of Hollywood Business Managers Sue to Invalidate Non-Competes

  • 📰 THR
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

NKSFB, the largest business management firm in the country and one of Hollywood's most trusted advisors, is at war with its parent company Focus Financial Partners.

It’s important to note up front that this situation involves some confusingly similar-named companies. The original firm was Nigro Karlin Segal Feldstein & Bolno legally, but colloquially

The contract at issue is a July 2022 amended and restated management agreement. “The non-compete provision in the ARMA expressly states that it is being entered into ‘[i]n consideration of the compensation to be paid to the Management Company’ ,” states the complaint. “As the original five-year non-competition restriction contained in the Contribution and Purchase Agreement has expired, the new non-compete provision in the ARMA is the sole non-compete provision that Plaintiffs are challenging.

The Nigro Karlin principals are asking an L.A. judge for a declaratory judgment that the choice of Delaware law in the agreement is improper and unenforceable and that, under California law, the non-competition provisions are also unenforceable to the extent they include services rendered in California. They’re also seeking an injunction that would bar Focus from “being able to pursue their professional and business interests following termination of their employment with the Management Company.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 411. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The Future Of Business To Business Banking: Fintech 50 2023Whether it's corporate credit cards, home improvement loans or travel expenses, these 10 companies are shaking up the banking establishment—even as the industry faces bouts of crisis. Fintech50
La source: Forbes - 🏆 394. / 53 Lire la suite »

The Future Of Business To Business Banking: Fintech 50 2023Whether it's corporate credit cards, home improvement loans or travel expenses, these 10 companies are shaking up the banking establishment—even as the industry faces bouts of crisis.
La source: Forbes - 🏆 394. / 53 Lire la suite »

US venture capital titan Sequoia to split off China business amid tension with Beijing | CNN BusinessVenture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands. The Silicon Valley-based firm’s expansive investments in China will become their own unit.
La source: cnni - 🏆 326. / 59 Lire la suite »

The Future Of Business To Business Banking: Fintech 50 2023Whether it's corporate credit cards, home improvement loans or travel expenses, these 10 companies are shaking up the banking establishment—even as the industry faces bouts of crisis. Fintech50
La source: Forbes - 🏆 394. / 53 Lire la suite »

Business Acquisition: A Road To Success For Small Business GrowthRobyn Streisand, CEO of The Mixx, a strategic creative agency, began growing by acquiring complementary businesses.
La source: ForbesWomen - 🏆 477. / 51 Lire la suite »