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The Delaware Supreme Court issued a decision Jan. 29 that drew a distinct line between forfeiture for competition provisions and the restrictive employment covenants state courts have previously been able to scrutinize. Justice Gary F. Traynor's opinion, which emphasizes Delaware's strong deference to contract freedoms, remanded the case of former Cantor Fitzgerald partners to the Court of Chancery.
Banking & Financial Services
January 29, 2024, 2:45 PM