The violation of a noncompete agreement has been central in Wynn Resorts’ lawsuit against Fontainebleau for poaching senior executives. Wynn claims the new resort hired nine of its executives and encouraged workers to violate their employment contracts.
But in April the Federal Trade Commission changed its rules and announced that starting Sept. 4 all new noncompete agreements are banned.
So, how would a ban impact executive hiring and moves on the Strip?
“(Senior executives) are going do whatever they want to do anyway… I believe it’s going to result in corporations and businesses being more creative in how they draft their compensation to make it disadvantageous to leave a company,” said Gregg Kamer, an attorney with the Kamer Zucker Abbott law firm.
