On May 24, 2012, the Supreme Court of Ohio handed down the merit decision in Acordia of Ohio L.L.C v. Fischel. The high court held that a non-compete agreement signed by employees of a company that changes form or is merged out of existence passes by operation of law to the new company, but because
Non-Compete Agreements
What’s On Their Minds: Does a Corporate Merger Trigger a Termination of Employment and Start the Running of a Non-Competition Agreement Employees Signed with a Predecessor Corporation that is Merged out of Existence? Acordia of Ohio, LLC v. Fishel, et al.
By Marianna Bettman on
Further Update: On July 25, 2012, the Court, by a vote of 6-1, granted reconsideration in this case. On October 11, 2012, the Court issued its new merit decision, reversing the earlier one. Read the analysis of Acordia II here.
Update: The merit decision in this case was handed down May 24, 2012. Read the…
Oral Argument Preview: Does a Corporate Merger Trigger a Termination of Employment and Start the Running of a Non-Competition Agreement Employees Signed with a Predecessor Corporation that is Merged out of Existence? Acordia of Ohio, LLC v. Fishel, et al.
By Marianna Bettman on
Further Update: On July 25, 2012, the Court, by a vote of 6-1, granted reconsideration in this case. On October 11, 2012, the Court issued its new merit decision, reversing the earlier one. Read the analysis of Acordia II here.
Update: The merit decision in this case was handed down May 24, 2012. Read…