Edelman Financial Loses Suit to Stop Ex-Employees From Competing

Edelman Financial Engines LLC can’t proceed with its suit against two former employees who allegedly violated non-compete clauses and solicited its customers for their new business, a federal court in Kansas ruled.

And a temporary restraining order issued Jan. 25 against the breakaway employees, Erik Harpsoe and Brian K. Fowles, is no longer in effect, the U.S. District Court for the District of Kansas said June 7.

The court has also asked the parties for their positions on whether Harpsoe and Fowles are entitled to collect damages for lost business under a $100,000 bond that Edelman posted when the court ...