Restrictive covenants and non-compete agreements have been a frequent topic of this blog in recent months, and rightly so. Non-competitors are generally thought to be effective tools to help firms protect trade secrets and competitive advantages. However, these agreements are falling out of favor across the country – the DOJ recently files a Statement of Interest in a state court case taking the position that non-competites may violate the Sherman Antitrust Act. Further, states continue to pass laws limiting or banning the use of noncompete agreements, including Illinois, Oregon, Nevada, DCand Colorado.
But one Texas court seems to buck this…
Topline
India’s Adani Group has hired New York-based law firm Wachtell, Lipton, Rosen & Katz to take on allegations against it raised by short-seller Hindenburg Research, the Financial Times reported, as the shares of the group’s listed firms continued to take a beating on the Indian stock market on Friday.Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani … [+] highlighting the ongoing crisis of the Adani group in Mumbai.
AFP via Getty Images
Key FactsAccording to the Financial TimesWatchell will work on the Adani Group’s “legal, regulatory and public relations”…