Bridgewater Case Ends Without Ruling on Secrecy Agreement

The National Labor Relations Board Oct. 28 closed an unfair labor practice proceeding against Bridgewater Associates LP, the world’s largest hedge fund manager, without any public resolution of a charge the company required employees to agree to illegal secrecy provisions (Bridgewater Assocs., LP, N.L.R.B. A.L.J., No. 1-CA-169426, closed 10/28/16).

An NLRB regional director had issued an administrative complaint alleging that Bridgewater’s rules against employee disclosures and disparagement of the firm interfered with the federal labor law rights of workers to discuss unions or concerted activity for their mutual aid or protection.

The NLRB action was ...