BNY Gets Shot At Enforcing Arden Noncompete Deals

Law360, New York (March 25, 2010, 1:51 PM EDT) -- The U.S. Court of Appeals for the Eleventh Circuit has struck down an injunction barring The Bank of New York Mellon Corp. from enforcing noncompete agreements it struck with two portfolio managers who sold their investment management business to BNY Mellon.

A three-judge panel on Wednesday vacated the preliminary injunction in favor of Michael Mohr and Jack Sawyer Jr., and remanded the case to district court for further proceedings.

The U.S. District Court for the Northern District of Georgia erred when it concluded that Mohr and...
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