When a company hires senior employees, it may invest a great deal of time and money training them. Employees also may receive access to confidential client lists, relationships with customers and vendors, or proprietary business information. So what happens when employees move on, taking that training and knowledge with them?
Will banning certain non-compete agreements protect employees and foster competition? Washington state legislators and Governor Inslee think so.
Chambers and Partners USA have issued their 2019 Guide to the Top Lawyers and Law Firms in the USA, and we are pleased to report that Savitt Bruce & Willey again has been highly rated, and that our partners David Bruce, James Savitt and Steve Willey have each been recognized by Chambers as leading practitioners.
The inherited wisdom about wage-and-hour class actions is that they settle after certification. The assumption is that certification in wage-and-hour class actions is the decisive battle in the war; if lost, the only question is how big the price tag is going to be—the sooner it settles the less it costs. Certification is the beginning of the end.
On February 20, 2019 we posted about whether the Bezos’ divorce would impact SEC disclosure requirements for public companies. In this regard, Amazon’s recent filing may offer additional support to those who wish to argue that personal matters impacting management, or a shareholder who owns a controlling stake in the company, should be disclosed.
SBW is pleased to report that our partner Steve Willey has been named a “BTI Client Service All-Star” for 2019.
Unique among those who review or rate legal services, BTI’s appellation relies only on the input of clients, predominantly major companies. No attorney or firm can self-nominate, self-refer, nor pay to be included in this report, and peers at the bar also have no say. Clients have the final–and only–say in the identification of those named. To be included in the BTI report, an All-Star lawyer must be singled out–by name and in an unprompted manner–as delivering the absolute best client service. Read more about BTI here.
Minority shareholders—those who don’t own a controlling interest in a corporation—frequently do not have a say in corporate financial or management decisions. And in closely held corporations, such shareholders also may not be able to easily sell their stock. But the law provides certain protections. Among other things, Washington law gives minority shareholders the right to inspect certain corporate records. Minority shareholders also have the right to bring a suit on behalf of the company under circumstances where the controlling shareholders can’t or won’t bring one (a “derivative” lawsuit). Perhaps most important, minority shareholders have legal rights that offer some protection against “oppression” by controlling stockholders.
When used effectively, Rule 68 of the Federal Rules of Civil Procedure gives defendants a powerful and often underestimated tool. Rule 68 allows “a party defending against a claim” to serve an offer of judgment with “the costs then accrued.” The offeree then has 14 days to accept the offer, or the offer is considered withdrawn. If the offer of judgment is not accepted and the judgment that the claimant eventually obtains “is not more favorable than the unaccepted offer,” the claimant “must pay the costs incurred after the offer was made.”
Recently the chief executive and controlling shareholder of Amazon, Jeff Bezos, and his wife, the novelist MacKenzie Bezos, announced that they will divorce. Thus far at least the news has not had a lasting effect on Amazon’s stock price, even though investors do not know how the couple’s 16% controlling stake in the company will be affected by the divorce.
In this day and age, news travels fast, and news of crises travels even faster. Take, as an example, the forcible removal of Dr. David Dao from a United Airlines flight by officers last year. The action, in which Dr. Dao was violently dragged off a plane after being seated in order to make room for a United employee, was videoed on a passenger’s cell phone and widely distributed—resulting in a public-relations mess for United.