US Judge Overturns Noncompete Agreement Ban by FTC

Reported about 2 months ago

A federal judge in Texas has blocked a Federal Trade Commission (FTC) rule aimed at banning noncompete agreements signed by workers, stating that the FTC lacks the authority to impose such a sweeping prohibition. The judge criticized the FTC for not providing sufficient evidence to justify the ban on nearly all noncompete agreements, labeling the rule as arbitrary. The decision comes after a temporary hold in July while review was ongoing, with the FTC indicating it may consider an appeal.

Source: YAHOO

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