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☆ Judge delays ban on noncompete agreements for employees
  + stars: | 2024-07-03 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +2 min
New York CNN —A federal judge on Wednesday delayed a ban on noncompete agreements from taking effect for a small number of US workers on September 4. Unless the judge makes another ruling before that date, the ban will go into effect for the majority of employers in the US. The ban, which prohibits employers from enforcing noncompete clauses in most existing employment agreements and bans companies from including them in all future ones, was approved by the Federal Trade Commission in April. The FTC estimates that 30 million people — one in five US workers — are bound by a noncompete clause in their current jobs. In response to the order, FTC spokesperson Douglas Farrar said, “The FTC stands by our clear authority, supported by statute and precedent, to issue this rule.
Persons: ”, Ada Brown, Ryan, Daryl Joseffer, Douglas Farrar Organizations: New, New York CNN, Court, Northern, Northern District of Texas, Federal Trade Commission, Ryan LLC, US Chamber of Commerce, Business, Texas Association of Business, Longview Chamber of Commerce, Plaintiff, FTC, US, of Commerce, U.S, Chamber Locations: New York, Northern District, Texas, Longview
☆ FTC bans employers from using noncompete clauses
  + stars: | 2024-04-23 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +5 min
New York CNN —The Federal Trade Commission on Tuesday voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. And – with one exception – it makes currently existing noncompete agreements unenforceable after the rule’s effective date, which is set at 120 days from the rule’s publication in the Federal Register. The rule, however, does allow currently existing noncompete agreements for senior executives to remain in force. The ban would apply nationwide, overriding state laws regarding noncompete agreements. In December of last year, New York State Governor Kathleen Hochul vetoed a bill passed by the state legislature to completely ban noncompete agreements in that state.
Persons: Joe Biden, “ won’t, ”, Stefanie Camfield, Daryl Joseffer, “, ” Joseffer, Neil Bradley, Kathleen Hochul, Anne Clark, Vladeck, Raskin, Clark P.C, Amanda Wait, DLA Piper, Clark Organizations: New, New York CNN, Federal Trade Commission, FTC, of Commerce, Federal Register, Washington , D.C, Engage, Chamber’s Litigation, New York Locations: New York, California, North Dakota, Oklahoma, Washington ,, Colorado , Maryland , Oregon, Rhode
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