2025-12-24 16:21:19

An arbitrator has sided with hedge fund Element Capital Management in enforcing a non-compete clause against Jonathan Dorfman, the firm's former head of equity markets. The ruling effectively blocks Dorfman's planned transition to Squarepoint Capital. This move highlights the ongoing tensions in the financial sector surrounding non-competition agreements and talent mobility. Such legal battles between investment firms have become increasingly common as top talent seeks new opportunities, only to face contractual restrictions that can significantly impact their career transitions.

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WalletWhisperer

· 5h ago

Oh no, this non-compete is getting more and more outrageous, talent mobility is being completely blocked... --- The big players suing to block talent, this trick has been played in crypto for a long time, nothing new. --- So, the traditional financial methods of constraining people need to be smarter in Web3. --- Dorfman was blocked, but this kind of contractual trap will eventually backfire... just wait and see. --- I understand the arbitration stance, but doing this really stifles innovation, it's a bit too much.

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FOMOSapien

· 6h ago

ngl that's why I hate traditional finance... If you have the ability, keep your talent, instead of relying on legal letters to shut people up.

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ForkThisDAO

· 6h ago

Non-compete agreements, to put it simply, are capital locking people in... Dorfman is also quite unfortunate; even switching jobs can get him stuck in arbitration.

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AirdropAutomaton

· 6h ago

This non-compete clause is really incredible, it just doesn't allow people to live. Dorfman wanted to switch jobs but was forcibly blocked, this tactic is too common in the financial industry.

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