FTC Noncompete Ban Blocked On August 20, 2024, the U.S. District Court for the Northern District of Texas struck down the Federal Trade Commission’s (FTC) rule imposing a near-total nationwide ban on noncompete clauses set to go into effect on September 4, 2024 (the “Effective Date”). The Court set aside the rule and nullified its…
KELLY E. ZELEZEN
PARTNER
Kelly Zelezen advises clients in the asset management industry, including managers of hedge funds, private equity funds and separately managed accounts. She counsels clients on a variety of issues related to formation and operation, compliance, and employment and compensation.
Practices
About
With respect to private investment funds, Kelly handles all aspects of their formation and ongoing operations. She regularly assists clients with structuring, marketing materials, “market” terms, seed deals and side letters with investors, agreements with service providers and marketers as well as other general corporate matters. She also drafts offering documents and the ancillary documents related thereto.
Kelly’s practice also includes compliance matters, assisting SEC registered advisers with preparing Form ADVs and establishing compliance programs. In addition, she provides assistance with management company agreements and succession planning.
Kelly has deep experience in employment and compensation matters. She frequently advises clients on designing compensation plans and drafts employment agreements, “partnership” agreements and termination agreements.
Education
Rutgers School of Law – Newark (J.D., Order of the Coif, 2003)
Rutgers Law Review, Research Editor
Washington & Lee University (B.A., cum laude, 1999)
Bar Admissions
2004, New York
Insights
FTC Noncompete Ban Blocked; New York State Independent Contractor Regulations Set To Take Effect August 28
August 27, 2024Client AlertsBusiness as Usual for Now—A Reprieve from the FTC’s Nationwide Noncompete Ban
July 8, 2024Client AlertsAs explained below, the effective date of the Federal Trade Commission’s (“FTC”) rule banning the use of post-employment noncompete agreements has been stayed indefinitely by a federal court in Dallas, pending a final ruling on the merits. Eighteen months ago, we first reported on the FTC’s proposed rule-making that would enact a comprehensive nationwide ban…
SEC Expands its Focus on Whistleblower Protection Rules
June 25, 2024Client AlertsThe SEC has continued and expanded its focus on violations of Rule 21F-17 of the Securities Exchange Act of 1934 (i.e., the whistleblower protection rule). The SEC began actively enforcing the whistleblower protection rule many years ago, although enforcement actions in late 2023 reflected an intensified focus on whistleblower protections in separation agreements and other…