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Settlement doesn’t bar deceit, fiduciary claims

A couple who claimed an investment firm fraudulently induced them into settling litigation over an unsuccessful investment deal could subsequently sue the company for deceit and breach of fiduciary duty, even though they were represented by counsel at the time ...

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Split panel finds retaliation OK in mutual fund industry

A provision in the Sarbanes-Oxley Act protecting whistleblowers from retaliation does not extend to employees of private companies that act under contract as advisers to, and managers of, mutual funds, the 1st U.S. Circuit Court of Appeals has decided in ...

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‘Misclassified’ worker can file third-party lawsuit

A truck driver who brought a purported class action alleging that companies he worked for had violated state and federal wage laws by misclassifying drivers as independent contractors could also sue a management-services firm for providing the companies with independent ...

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Company sues ex-employee who lost flash drive

A former employee who worked in the risk management and internal audit department at a data management company may have become a security risk herself after she reported losing a USB flash drive containing thousands of sensitive documents.

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Start-up can enforce exec’s non-compete

A start-up company could enforce a non-compete agreement against a former vice president who went to work for a competitor developing products in the same industry, a Massachusetts Superior Court judge has ruled.

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