Sullivan & Cromwell LLP’s Post

Join us on May 29th to discuss how the new FTC rule banning non-competes impacts your business, including transitioning financial advisors. We will discuss what is banned and what is not, what happens next and what you should do now to prepare.

Check out the upcoming webinar regarding the FTC's rule on non-compete clauses - it is something you don't want to miss! https://lnkd.in/gmSgR295

WSHC+B labor & employment attorneys Brett Schneider and Erica Hausdorff wrote an article discussing a federal court's decision to block the Federal Trade Commission’s (FTC) Noncompete Ban from taking effect. The rule, which was set to become effective on September 4, 2024, would have prohibited employers nationwide from entering into or enforcing most noncompete agreements. However, Judge Ada Brown of the U.S. District Court for the Northern District of Texas ruled that the FTC lacked the authority to issue such a rule. This ruling returns employers to the status quo, allowing for enforcement of noncompete agreements according to current state-specific frameworks. Brett is the Managing Director of the Boca Raton office and Chair of the firm’s Labor and Employment Division. As a Florida Bar Board Certified attorney in Labor and Employment Law, Brett helps public and private sector employers resolve issues in a prompt and efficient manner. Erica focuses her practice on the representation of public and private entities in connection with employment matters. Read more here: https://lnkd.in/eaC2cym8 #WSHCBLaw #FTC #Noncompete #LaborandEmployment

Wanted to pass along this important update. There will be more to come but the below flags what we know at this point.

🚨 A Texas judge has issued a preliminary pause on the FTC's noncompete ban, with a decisive ruling expected in August. Discover the potential implications for employers in the latest Dykema Labor and Employment Law Blog post from James Hermon, Howard Iwrey, Cody Rockey, and Elizabeth A. Voss. #LaborLaw #EmploymentLaw #FTC #Noncompete

110 years ago today, President Woodrow Wilson signed the Federal Trade Commission Act. What was he thinking? Probably not that the FTC would seek to swell its enforcement authority so vastly. Civics lesson learned when a federal court recently entered an injunction halting the FTC's anti-non-compete rule. But even with that check and balance of the Judicial Branch on the Executive Branch, employment lawyers are still getting daily questions and handling litigation involving non-compete, non-solicitation, and confidentiality agreements. What's next for employers? Here's an analysis of what businesses should be considering by my colleagues Brian Pedrow and Cecilia Nieto #noncompete #separationofpowers #woodrowwilson #employmentlaw https://lnkd.in/gm9TgZam

🚫 The FTC's ban on noncompete clauses has sparked a fierce legal battle with business groups, leaving the future of employment contracts uncertain. 🔍 In this article, we delve into the implications for workers' rights, business interests, and the broader economic landscape. #NoncompeteBan #EmploymentLaw #FutureOfWork

In our newest HBS Employment Updates blog, Jacqueline Voronov, Jeffrey Daitz, and Taylor Wood discuss the FTC's decision to ban non-compete agreements and what it means for employers. Learn more: https://bit.ly/3w5C33x #FTC #NonCompete #Labor #Employment #Law

The much awaited Rule on Non-Competes has arrived! For more information on the Rule's impacts check out the article I co-authored with Jacqueline Voronov and Jeffrey Daitz linked below!

In 2023, the State of California continued its long history of enacting #legislation intended to protect the rights of #employees. In the latest installment in our annual Labor & Employment year end review series, #LosAngeles Partner George Romain, #SanFrancisco Associate Sara Shok, and #NewYork Partner Peter Shapiro recap critical legal updates affecting California #employers and employees, as well as recent notable State Supreme Court opinions from last year. #Labor #Employment #LaborLaw #EmploymentLaw #CaliforniaLaw #HR #HumanResources