Federal judge blocks FTC noncompete ban ...Middle East

A federal judge on Tuesday blocked a nationwide ban on noncompete agreements from taking effect in September. The Federal Trade Commission voted in April to ban most noncompete agreements, which prevent tens of millions of employees from leaving their jobs to work for competitors or start a competing business. The Dallas-based tax firm Ryan LLC, the U.S. Chamber of Commerce, the Business Roundtable and other business groups sued to block the rule from going into effect, alleging agency overreach that would make it harder for companies to retain talent. U.S. District Judge Ada Brown in Dallas said the FTC had overstepped its statutory authority and called the rule "arbitrary and c

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Last updated : 21 August 2024 clock 01:20 AM

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Federal judge blocks FTC noncompete ban ...Middle East

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