October 21, 2024
Update! FTC Appeals Decision to Block its Noncompete Rule
Since the FTC’s ban on noncompete agreements was enjoined on August 20th, there has been speculation about the next steps, if any. Would the FTC file an appeal? Would it just issue a new rule?
On October 21st that question was answered. The FTC filed a 29-word appeal to the 5th Circuit ruling that blocked implementation of the ban and effectively made the rule null and void.
Now what? Stay tuned. This will likely be a long road to travel. In the meantime, if this issue is not familiar to you or you just want a refresher, here are some resources with more information.
May 7, 2024 – FTC Publishes Final Rule Banning Nearly All Non-Competes
July 3rd – FTC Left Out in the Cold as Judge Puts Noncompete Rule on Hold
July 23rd – Different Judge Gives FTC’s Noncompete Rule New Hope