Cantor Fitzgerald, Affiliate Firms Freed From Noncompete Dispute

Cantor Fitzgerald LP and two affiliate firms escaped claims they unlawfully enforced noncompete provisions in partnership agreements after the Third Circuit affirmed a ruling that dismissed former employees’ antitrust claims.

The US Court of Appeals for the Third Circuit on Monday said the ex-partner plaintiffs failed to link the alleged harm to labor-market competition as well as to the alleged injury—the actual withholding of their compensation as a result of the noncompete restrictions.

“The Former Partners’ claims are too general and internally inconsistent for us to infer that their single concrete loss—the withholding of their unpaid Conditioned Amounts—derives from conduct ...