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The Federal Trade Commission (FTC) has implemented a new rule banning non-compete agreements, sparking legal pushback from the U.S. Chamber of Commerce. The rule is based on empirical evidence showing harm to workers, consumers, and innovation. A Texas federal judge stayed a lawsuit challenging the ban, citing a 'first to file' rule. The rule is set to be published on May 7, 2024, with an effective date of September 4, 2024. The ban could impact millions of workers nationwide and trigger increased trade secret and patent litigation.
FTC Final Rule Banning Non-Competes Faces Uncertainty https://t.co/DngRd4o9dn
A progressive watchdog group says a Texas federal judge should recuse himself from a lawsuit challenging the FTC's ban on noncompete agreements commonly signed by workers because he owns stock in tech companies that would benefit if the rule is struck down https://t.co/dIipGeB53h https://t.co/5D6ZYq0Yqv
Employment Law This Week Episode 345 - Spilling Secrets: FTC Nixes Non-Competes Nationwide—Now What? [Video, Podcast] https://t.co/D9amfBUSfB #employmentlaw #FTC #noncompeteban #competition @EpsteinBecker https://t.co/xomKos6EU8
