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On April 23, 2024, the Federal Trade Commission (the "FTC") issued the Non-Compete Clause Rule (the "Final Rule") that bans all new non-compete clauses with employees at all levels, including senior executives, after the effective date.
For decades, many courts and legislatures at the state and federal level have largely approved the use of non-compete covenants between employers and employees.
On April 23, 2024, the Federal Trade Commission, in a highly anticipated vote, passed the Non-Compete Clause Rule, 16 CFR § 910, which purports to bar all non-competes in the United States, subject to limited exceptions.
This week, the Federal Trade Commission ("FTC") voted 3-2 along party lines to finalize a rule that bans noncompete clauses in employment agreements as a per se illegal "unfair method...
The Federal Trade Commission (FTC) filed an administrative complaint to block Tapestry, Inc.'s acquisition of Capri Holdings Limited, a deal valued at $8.5 billion.