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In brief.

Publication: Business Insurance
Publication Date: 11-AUG-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: In brief.(News)(XL Capital Ltd. closing a capital-raising deal)(Alliant Insurance Services Inc. hiring team of property/casualty and employee benefit specialists from Wells Fargo Insurance Services)(Tower Group Inc. acquiring CastlePoint Holdings Ltd)

Article Excerpt
Calif. court strikes down noncompete agreements

California law prohibits employee noncompete agreements unless the agreement involves the sale of a business, the California Supreme Court said last week. The opinion in Edwards vs. Arthur Andersen L.L.P. involved certified public accountant Raymond Edwards, who was employed by an Arthur Andersen unit that was later sold. Mr. Edwards signed a noncompete agreement when he was hired in 1997, but refused sign a termination...

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