FTC Adopts Final Rule Prohibiting Non-Competes

Rule Prohibiting Non-Competes

On April 23, 2024, the U.S. Federal Trade Commission (FTC) voted 3-2 (along party lines) to adopt a final rule (Final Rule) that prohibits the imposition of non-compete agreements in the employment context, with very limited exceptions, stating that such agreements are an “unfair method of competition.” The Final Rule is substantially the same as […]

2023 Highlights At a Glance

We are pleased to highlight a few of the representations and transactions which we were honored to undertake during 2023 and to update our clients and friends on some other firm developments from the year, including pro bono and other civic endeavors. As we complete our 28th year of delivering quality legal services, we look forward […]

Corporate Transparency Act Regulations Go into Effect January 1, 2024

Starting January 1, 2024, many companies will be required to report beneficial ownership information (“BOI”) to the U.S. government. Enacted into law on January 1, 2021 (see MLLP’s prior client alert here) and implemented primarily through a rule published by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) on September 30, 2022, […]

Understanding the New Federal Exemption for M&A Brokers

On March 29, 2023, Congress enacted an exemption (the “Exemption”) from registration as a broker-dealer under the Securities Exchange Act of 1934 (the “Exchange Act”) for certain qualifying brokers effecting securities transactions involving transfers of ownership or control of certain privately held companies. The Exemption provides welcome relief for business brokers and smaller investment banks […]

Martin LLP Advises on the Sale of Med Learning Group Holdings to DW Health Partners

Martin LLP is pleased to announce its role on the sale of Med Learning Group Holdings, LLC (“MLG”) to DW Healthcare Partners, a healthcare-focused private equity firm. Terms of the transaction were not disclosed. Martin LLP served as co-counsel to the selling shareholders and counsel to the management team. MLG, previously a division of Ultimate Medical Academy, is […]

FTC Proposes Rule Prohibiting Non-Competes

On January 5, 2023, the U.S. Federal Trade Commission (FTC) proposed a new rule which would prohibit the imposition of non-compete agreements in the employment context. The FTC’s view is that non-compete agreements are “exploitative” and can substantially harm workers, including in particular by preventing workers from obtaining better employment opportunities to the tune of an estimated […]

Martin LLP Welcomes Sean Berry to Corporate Group

October 14, 2014 – Martin LLP is pleased to announce that Sean P. D. Berry has joined the firm’s Corporate Practice Group as a Senior Associate. Sean’s practice concentrates on corporate law, with emphasis on mergers and acquisitions, private equity, corporate finance, distressed transactions and venture capital. Prior to joining Martin LLP Sean worked at Schulte Roth & Zabel […]

Toys, Toys and More Toys…

October 2015 Martin LLP is pleased to announce that its client, Cardinal Industries, Inc., has been acquired by Spin Master Ltd. (TSX: TOY), a leading global children’s entertainment company. Martin LLP served as legal counsel to Cardinal and its two shareholders in connection with the sale of Cardinal to Spin Master’s US subsidiary, Spin Master […]