RICHARD HALE BROWN, Plaintiff and Appellant, v. TGS MANAGEMENT COMPANY, LLC, Defendant and Respondent., 57 Cal. App. 5th 303

Summary

HOLDINGS: [1]-An arbitrator exceeded his power because the award in favor of an employer enforced provisions of the employment contract that illegally restricted the employee’s right to work, in violation of Bus. & Prof. Code, § 16600. Collectively, the overly broad confidentiality provisions operated as a de facto noncompete provision; they plainly barred the employee in perpetuity from doing any work in the securities field, much less in his chosen profession of statistical arbitrage.