Alexandra G. Farone of Babst, Calland, Clements and Zomnir. FTC Publishes Noncompete Ban, Legal Challenges Promptly Follow
The same day it voted to publish the final rule, tax services and software company Ryan LLC filed a lawsuit in the U.S. District Court for the Northern District of Texas seeking an injunction to stop the implementation of the ban. The following day, the U.S. Chamber of Commerce and three other business groups filed a similar lawsuit in the Eastern District of Texas challenging the ban.
May 24, 2024 at 09:47 AM
4 minute read
On April 23, the Federal Trade Commission (FTC) voted 3-2 to publish its proposed final rule banning most noncompetition agreements, or "noncompetes." The final rule was published on May 7, in the Federal Register and therefore becomes effective 120 days later, on Sept. 4, 2024, but legal challenges to the FTC's authority to issue this ban will likely result in a stay in enforcement of the ban until litigation is resolved.
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