Tenth Circuit Decision Highlights Distinction Between Traditional Non-Compete and Forfeiture-for-Competition

Tenth Circuit Decision Highlights Distinction Between Traditional Non-Compete and Forfeiture-for-Competition

In Lawson v. Spirit AeroSystems, Inc., the U.S. Court of Appeals for the Tenth Circuit upheld the forfeiture of certain stock awards for violating a covenant not to compete.  Like the Seventh Circuit in LKQ Corp. v. Rutledge(which applied Delaware law), the Tenth Circuit concluded that, under Kansas law, the remedy of forfeiting future compensation is not subject to the same reasonableness standard as traditional enforcement of a non-compete obl…

Court orders interim forfeiture of assets linked to former REA directors

A federal high court in Abuja has ordered the interim forfeiture of several properties linked to Suleiman Bulkwang and Abdullahi Sambo, both former directors of the finance and account departments at the Rural Electrification Agency (REA).   Obiora Egwuatu, the presiding judge, granted the order on Thursday following an ex parte application filed by Martha Babatunde, counsel to the Economic and Financial Crimes Commission (EFCC).   Among the sev…

Court Orders Interim Forfeiture Of Properties Linked To Ex-REA Directors Over N1.4 Billion Fraud Scheme - TheNigeriaLawyer

The Federal High Court in Abuja on Thursday granted an interim order of forfeiture of properties linked to two former Directors of Finance and Accounts at the Rural Electrification Agency (REA), Suleiman Bulkwang and Abdullahi Sambo, over an alleged N1.4 billion fraudulent payments scheme within the agency. Justice Obiora Egwuatu granted the order following an ex parte motion filed by the Economic and Financial Crimes Commission (EFCC), led by E…

StatePress NG: Court orders interim forfeiture of properties linked to former REA directors

Misappropriation Of N1.4 Billion:Court Orders Interim Forfeiture Of Assets Linked To Two  Ex-Rural Electrification Agency’s Finance Directors

The Federal High Court in Abuja on Thursday, ordered an interim forfeiture of landed property linked to two former Directors, Finance and Accounts Departments, Rural Electrification Agency (…

Miske Trust files an answer to the government's forfeiture complaint

The trustees of the Michael J. Miske Jr. Revocable Living Trust have filed their answer to the government's complaint for forfeiture of Miske's personal and business property. The government filed its original forfeiture complaint on January 22, and followed with an amended complaint on May 7. The government has identified a long list of properties consisting of cash and checks, real estate, a commercial longline entry permit issued to a fishing…