Defining Solicitation In Restrictive Covenant Agreements

Law360, New York (August 2, 2011, 1:10 PM EDT) -- In Bessemer Trust Company v. Branin, the U.S. Court of Appeals for the Second Circuit held that an executive who sold his company and later joined a competitor could assist his new employer in a variety of ways to pitch his former clients without violating the law on nonsolicitation. This is an important development for service-sector businesses and companies that acquire them.

Background

Francis S. Branin owned a company that provided financial advice to high net-worth individuals. He later sold his business to Bessemer and became...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.