Whether Wall Street garden leaves survive noncompete ban
Thu, May 2, 2024 1:40 PM

Whether Wall Street garden leaves survive noncompete ban

A Flip by Riya Sharma
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Some "garden leave" agreements that Wall Street firms use to protect their secrets are expected to survive a new noncompete ban from the Federal Trade Commission.But some won't, according to employment attorneys.The FTC’s ban leaves "an open question" as to whether all garden leave provisions would be enforceable, said Chris Marquardt, head of Alston & Bird's labor and employment group.

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