The FTC proposed a new rule last Thursday that would ban employers from imposing non-compete clauses on their workers. The proposed rule extends recent enforcement actions against three companies that resulted in a ban on those companies’ use of non-compete restrictions and the imposition of various remedial actions, and purports to supersede inconsistent state law. The proposed rule would deem non-competes an unfair method of competition, compel employers to rescind existing non-competes with their workers within 180 days of publication of the final rule, and compel employers to inform affected workers of the rescission. An exception is made for non-competes […]

Congratulations to our client, Spring Health, on their closing of a $190m Series C investment round! You can read more about it here -> https://www.forbes.com/sites/maggiemcgrath/2021/09/16/spring-health-notches-a-190-million-series-c-at-a-2-billion-valuation-making-ceo-april-koh-the-youngest-woman-to-run-a-unicorn

Congratulations to our client Drizly on their acquisition by Uber! You can read more about it here: https://www.cnbc.com/2021/02/02/uber-agrees-to-buy-alcohol-delivery-service-drizly-for-1point1-billion.html