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Litigation

: Arkansas Business Litigation Blog

Noncompete Agreements May Need to be Adjusted as Business Lines Expand

By H. William Allen et al.

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The district court of South Dakota denied a preliminary injunction in Universal Underwriters Ins. Co. v. Schmidt, 2008 WL 631197 (D.S.D. 3/6/08).  Schmidt was an employee of Universal selling property, casualty and life insurance products to automobile dealers. He signed a noncompete agreement that prohibited him from selling these products for 2 years after his employment. During his employment with Universal, Schmidt began selling finance products to automobile dealers. He quit his j read more

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Full post as published by Arkansas Business Litigation Blog on March 21, 2008 (boomark / email).

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