Citadel’s Power Play: How the Hedge Fund Reshaped Florida’s Non-Compete Laws to Favor Employees
Written by Jaclyn Gibson
Sunday, May 11, 2025
Citadel’s Push for Four-Year Non-Competes Reshapes Florida’s Employment Landscape
In a significant shift that could redefine employment relationships across Florida, hedge fund giant Citadel has successfully lobbied for legislation allowing employers to enforce non-compete agreements for up to four years—double the previous limit. The “Contracts Honoring Opportunity, Investment, Confidentiality, and Economic Growth” (CHOICE) Act, set to take effect July 1, 2025, represents one of the nation’s most employer-friendly approaches to restrictive covenants.
Citadel, led by billionaire Ken Griffin, has been a driving force behind the legislation. The firm, which relocated its headquarters from Chicago to Miami in 2022, has a vested interest in strengthening non-compete enforcement. According to Bloomberg, Citadel has been actively lobbying Florida lawmakers to extend non-compete durations, reflecting the company’s own practices.
“Citadel has been pushing for these changes to protect its business interests,” an industry analyst told Bloomberg. “The firm already enforces some of the financial industry’s longest non-compete periods.”
The new law establishes a presumption of validity for non-compete agreements that meet basic statutory requirements, including providing employees seven days to review the agreement with an attorney. Notably,...
VICTOR VALLEY, Calif. (VVNG.com) — The San Bernardino County Sheriff’s Department is warning residents about a growing wave of misinformation across the county, fueled by viral social media posts ...