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%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

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:

 /  🏆 411. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

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
Source: Forbes - 🏆 394. / 53 Read more »

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.
Source: Forbes - 🏆 394. / 53 Read more »

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.
Source: cnni - 🏆 326. / 59 Read more »

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
Source: Forbes - 🏆 394. / 53 Read more »

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.
Source: ForbesWomen - 🏆 477. / 51 Read more »