New and Breaking: The FTC’s ban on non-compete agreements has been blocked by a Judge in Texas. As such, the rule will not go into effect on September 4th. In reaching his decision, Judge Brown concluded that that the FTC “exceeded its statutory authority” in making the rule, which the judge called “arbitrary and capricious.” The judge also concluded that the rule would cause irreparable harm. For information on how this may affect your business, please contact us. #noncompete #businessdecisions
Kathryn Van Deusen Hatfield’s Post
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Friends - Questions on the FTC's ban of non competes? This will be a very practical program and non-legalese program. Sign up below. Wondering how the FTC’s ban on noncompete agreements will affect you and your business? Join attorneys Anthony Dalimonte and Robert Hamor next week for a discussion on the “Implications of Noncompete Ban for Employers." 📅 When: June 12th, from 12:00pm – 12:30pm Register here 👉: https://bit.ly/2ndWeds2024 #NonCompeteBan #2ndWednesday #BusinessLaw
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FTC Non-Compete Ban Update: Many clients are asking about the current status of the FTC’s nationwide ban on most non-compete agreements. The ban, initially set to take effect on September 4, 2024, has faced multiple court challenges that are still ongoing. As of now, the ban has not gone into effect, and its future remains uncertain. For more details and general recommendations read the latest alert from Garfunkel Wild’s Sal Puccio, Jack Kealey, Kimberly Kempton-Serra, and Vanessa Giunta here: https://lnkd.in/gj-aCEG3. #FTC #NonCompete #LegalUpdate #BusinessLaw #EmploymentLaw
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Earlier today, a federal judge in the Northern District of Texas set aside the FTC's Non-Compete Rule, which was supposed to be implemented on September 4, 2024. The FTC's nationwide ban on noncompete agreements was barred based on a finding that it lacked authority to issue such a broad rule. Unless overturned on appeal, this ruling allows employers to maintain, and if necessary enforce, restrictive covenants to protect critical trade secrets and human capital. #FTC #NonCompete #BusinessNews
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The FTC's final rule banning most noncompete agreements was published in the Federal Register yesterday. The rule is set to take effect on September 4, 2024, although court action makes that uncertain. Check out my FAQ for answers to your burning questions. #employmentlaw #employmentlawyer #noncompetes
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Oberman Law Firm | Healthcare | Corporate Transactions | Mergers & Acquisitions | Intellectual Property | Employment Law | Speaker | Vistage Member
NEW ARTICLE ALERT: FTC’s Ban on Noncompete Agreements Struck Down On August 20, 2024, the U.S. District Court for the Northern District of Texas struck down the FTC’s proposed ban on noncompete agreements, ruling that the FTC lacked the authority to enforce the ban. As a result, the ban, which was set to take effect on September 4, 2024, will not be implemented. Read the full article for all the details and what to expect next: https://lnkd.in/eTx9avcr #Noncompete #FTC #LegalUpdate #EmploymentLaw #ObermanLawFirm #LegalInsights
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Preliminary rulings on the actions that have already been filed challenging this new rule could be decided soon, although any semblance of a "final determination" is likely farther down the road. More information on the rule itself, as well as the challenges currently circulating through the courts, can be found in the below article.
I'm sure everyone is drinking from the fire hose trying to parse this new rule (and legal challenges have already been filed). This will take some time to sort out, but understanding the contours of the rule itself will help. #FTC #noncompete
FTC Issues Final Rule Banning Most Non-Compete Agreements
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The FTC’s near-total ban on non-competes was scheduled to take effect on September 4, 2024. With just weeks to go, a federal court in Texas has set aside the rule and ordered that it will not take effect at all. The case is now likely headed for appeal. In this Client Alert, Erika Todd and Ryan Rosenblatt discuss the practical results of this ruling and possible upcoming legal developments. To read the full alert, click here: https://lnkd.in/gJuwU7Tg #WhatsYourNext
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The FTC’s near-total ban on non-competes was scheduled to take effect on September 4, 2024. With just weeks to go, a federal court in Texas has set aside the rule and ordered that it will not take effect at all. The case is now likely headed for appeal. In this Client Alert, Ryan Rosenblatt and I discuss the practical results of this ruling and possible upcoming legal developments. To read the full alert, click here: https://lnkd.in/eRnX4JS2
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NEW ARTICLE ALERT: FTC’s Ban on Noncompete Agreements Struck Down On August 20, 2024, the U.S. District Court for the Northern District of Texas struck down the FTC’s proposed ban on noncompete agreements, ruling that the FTC lacked the authority to enforce the ban. As a result, the ban, which was set to take effect on September 4, 2024, will not be implemented. Read the full article for all the details and what to expect next: https://lnkd.in/efaQj7i7 #Noncompete #FTC #LegalUpdate #EmploymentLaw #ObermanLawFirm #LegalInsights
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Chambers ranked litigator, IP & trade secrets lawyer with deep experience in complex technical cases. Storyteller. Entrepreneur. Passionate about DEI, innovation, & driving scientific, economic, & social progress.
I was quoted in a Managing IP article about the FTC's April vote to ban non-competes, as well as the August 20th ruling in the Northern District of Texas that struck the ban down. In the article, several other attorneys and I shared our thoughts on the future of non-compete agreements, and how they are discussing the issue with clients. Read the article here [paywall]: https://bit.ly/3BkFK7G #womeninlaw #noncompete #businesstips
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