Suing Your Former Employees for Starting a Competitive Company? What You Need to Know
As an employer, you make significant efforts to protect your confidential and proprietary information as well as your hard-earned goodwill. When one or more employees resign to start a competitive company, your instinct may be to sue, and to sue quickly, in an effort to shut down the former employees.
When these disputes end up in court, claims such as breach of contract, theft of trade secrets, breach of duty of loyalty, breach of the implied covenant of good faith and fair dealing, tortious interference, and unfair and deceptive business practices abound. In court, employers often learn — too late — that they have not taken proper protections, have not appropriately maintained and updated the protections they have, and cannot prevent their former employees from harming their businesses.
This Foley Executive Briefing Series seminar addressed practical steps for planning and managing, or altogether avoiding, litigation as well as minimizing harmful consequences to your company, including:
- Creating and updating enforceable restrictive covenants and related agreements
- Ensuring proper designation and protection of trade secrets and confidential information
- Managing current employees through the litigation process
- Understanding when you can claim damage and when you cannot
These and other issues were addressed in an informal, interactive panel session led by Foley Litigation Partners Russell Beck and Jeffrey M. Rosin.
For questions about registering, please contact Wendy Decker at [email protected] or 617.342.4000.
For more information on this program, contact Jeffrey Rosin at [email protected], 617.342.4076, or Foley & Lardner LLP, 111 Huntington Avenue, Boston, Massachusetts 02199.
Suing Your Former Employees for Starting a Competitive Company? What You Need to Know is part of the Foley Executive Briefing Series. Learn more about upcoming programs in the series at Foley.com/FEBS.