American Express unit sues former staffers over noncompete pact

Article Abstract:

American Express Financial Advisors Inc has charged 5 of its former financial planners with violating noncompete pacts, and seeks to enjoin them from solicting their former clients for 1 year. American Express filed a federal suit in Denver, CO, alleging that the 5 former employees unlawfully kept lists and portfolios of American Express clients. The defendants' attorney, Dennis Graham, claims noncompete agreements are not enforceable under Colorado law. The former employees will seek arbitration by the National Association of Securities Dealers, Graham said.

Comment:

Files federal suit in Denver, CO charging 5 former planners with violating noncompete pacts

Legal issues & crime, Investment Advisory Services, Investment Advice, Company Personnel, Investment advisers, Ameriprise Financial Services Inc., Article

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FTC investigates Nine West in latest of shoe-industry price-fixing probes

Article Abstract:

The shoe industry continues to draw attention to its suggested retail pricing policies as the FTC begins to look at Nine West Group Inc. Agreements between wholesalers/manufacturers and shoe or department stores to maintain a selling price level has ensured that customers would not be able to do their shopping around at one place and then purchase from a discounter. Stores that have wanted to run "sale" prices may have been threatened with not getting shoe orders filled.

Comment:

Pricing practices are under investigation by the FTC

Marketing procedures, Regulation/Ethics, Footwear, Footwear Wholesale, Footwear Wholesalers, Marketing, Investigations, Footwear industry, Abstract, United States. Federal Trade Commission, Shoes, Nine West Group Inc. (White Plains, Connecticut), NIN

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