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Noncompete involving millions can be upheld (access required)

Executives’ ‘ring-fencing’ didn’t work

An Alexandria federal judge will enforce a lucrative noncompete agreement between Capital One Financial Corp. and two former top executives. The decision by U.S. District Judge Liam O’Grady in Capital One Financial Corp. v. Kanas (VLW 012-3-213) is remarkable for addressing a covenant not to compete between a major banking corporation and two highly paid top ...

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