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Posts tagged "non-compete agreements"

'Unfair' Noncompete Agreements Can Harm Workers

A report was recently released by the Obama Administration illustrating a link between "unfair" noncompete agreements and low worker job mobility, worker bargaining power and entrepreneurship. The administration highlighted concerns regarding the unnecessary use of noncompete clauses in situations in which workers already have less bargaining power, or when the policies are so broad that the intent is often unclear.

135 brokers expected to share in Wells Fargo settlement

To settle a class action lawsuit against Wells Fargo, a deal has been proposed to divide $5.6 million among about 135 brokers. The suit was brought by two brokers who formerly worked at Wells Fargo Advisors LLC, and the case may be of interest to individuals and companies with complex employment agreements involving bonuses and other benefits.