Click here to view a recording of this complimentary webinar presented by HSB’s Employment Law team.
On August 20, 2024, a federal district judge in Texas issued an order that blocks the FTC’s new non-compete rule from taking effect on September 4, 2024. The ruling, which was made in the case of Ryan LLC v. Federal Trade Commission (N.D. Tex.), applies nationwide. The judge determined that the FTC lacked authority to promulgate regulations with respect to unfair methods of competition, and that the new non-compete rule is arbitrary and capricious. The FTC has an option to appeal the ruling to the Fifth Circuit Court of Appeals.
On August 22, Haynsworth Sinkler Boyd’s Denny Major discussed:
- Scope and limitations of the Rule
- Appeals process and implications
- Enforceable non-competition and non-solicitation agreements in SC