For decades, noncompete employment agreements have prevented all sorts of workers — doctors, engineers, even hair stylists — from easily switching jobs. That may soon change after the US Federal Trade Commission approved a near-total ban on such provisions.
The U.S. Chamber of Commerce filed a lawsuit to block the Federal Trade Commission's sweeping ban on noncompete agreements, arguing the regulator overstepped its authority.
Monday’s FTC announcement to implement a nationwide, retroactive ban on the enforcement of employee non-compete agreements promises to improve wages, career prospects, and innovation. Given that a legal challenge has already been filed in objection to the agency’s authority to do so,
Within hours of the vote, the U.S. Chamber of Commerce announced it would sue to block the ban. Dallas employment attorney Rogge Dunn predicts employees will ultimately win this battle.
Business groups, led by a pair of Texas advocacy associations, stepped in quickly Wednesday seeking a halt to a rule issued by the Federal Trade Commission banning employers from using noncompete clauses to keep workers from going to a competitor.
The regulator voted to ban the controversial agreements that block millions of workers from going to a rival employer. Here’s what it all means for workers.
Wall Street traders and money managers could be in for disappointment if they’re hoping a new US ban on non-compete clauses will clear the way for them to spring into the arms of higher-paying competitors.
Like it or not, the Federal Trade Commission’s ban on non-competition agreements could force a change in mindset inside the companies that use them — ultimately improving their ability to hire and retain talented employees.
The U.S. Chamber of Commerce, the country's largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency's near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses.
Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry.
In a lawsuit filed in Texas federal court, the U.S. Chamber of Commerce and other organizations argue that the agency lacks the authority to issue the rule.
On Tuesday, the FTC voted to ban all new noncompete clauses and render existing noncompetes unenforceable for most private sector workers. In 2023, the Federal Trade Commission (FTC) took a strong position on noncompete clauses with a proposed rule that would outright ban employers from using them in employment contracts.
If you've relied on noncompete agreements to protect your business and your business secrets, you're in for a bit of a bumpy ride: The Federal Trade Commission just voted to ban noncompete agreements for all workers.
The Federal Trade Commission voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. FTC Chair Lina Khan joins CNN’s Jake Tapper to discuss.
A ban on noncompete clauses could raise workers’ wages by an estimated $400 billion, according to the FTC. But employers argue it could put trade secrets at risk. WSJ explains the ban, and why it already faces challenges.
Two lawsuits filed within hours of the U.S. Federal Trade Commission vote to bar almost all employee noncompete agreements offer courts a veritable smorgasbord of rationales for blocking the new rule,
The Federal Trade Commission voted to ban non-compete provisions Tuesday, amid stark opposition from the business community. Doug Farrar, the director of the FTC's Office of Public Affairs, joins Bloomberg TV to discuss the challenges ahead.
Employment contracts that stop free movement of labor conflict with an innovative industry’s open-source ethos, says Linda Jeng, CEO of Digital Self Labs, a Web3 advisory firm.
It's been a big week for U.S. workers, courtesy of regulators at the Federal Trade Commission and Department of Labor. What happened: The FTC banned noncompete agreements and the Labor Department expanded its rule on when employees are owed overtime.
After the Federal Trade Commission voted to block new noncompete agreements for 30 million workers on Tuesday, business groups and the United States Chamber of Commerce have taken action. A lawsuit was filed Wednesday by the Chamber of Commerce,
The U.S. Chamber of Commerce and several other business groups sued the Federal Trade Commission over its ban of noncompete clauses. The FTC voted Tuesday to ban noncompete agreements, which prohibit employees from going to work for competitors.
The FTC has said the rule will increase worker wages, lower healthcare costs and generate thousands of new businesses each year, but business groups see it as a dangerous precedent for government micromanagement.
The Federal Trade Commission voted 3-2 to ban the use of most noncompete agreements on Tuesday. This ruling means companies can't require their employees, that aren't senior executives, to wait a set amount of time before joining a competitor or launching their own company in the same category.
Nearly one in five American workers is estimated to be subject to a non-compete clause. This often exploits the most vulnerable workers, who may either be trapped in poor-paying jobs, or forced to switch to even lower paying industries or relocate to avoid financial penalties and legal action.
The economic impacts will not be huge, but they will slow innovation in the economy as businesses seek alternative ways to protect their trade secrets.
The Federal Trade Commission voted 3-2 this week to ban noncompete agreements. While the FTC estimates that nearly one in five American workers is subject to a noncompete, these agreements haven’t been a huge issue in Silicon Valley,
The FTC ruled this week that companies can no longer use non-compete agreements to stop workers from moving from one job to another — and businesses are having fits.
U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency, though the rule is sure to be challenged in court.
The U.S. Chamber of Commerce, the country's largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency's near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses.
The U.S. Federal Trade Commission voted Tuesday to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry, a rule the Chamber of Commerce
Noncompete agreements are banned in three states, including California, and some opponents of noncompetes argue that California’s ban has been a key contributor to that state’s
HOUSTON - In a move to boost worker mobility, the FTC bans non-compete agreements for most workers. FOX 26 Houston is now on the FOX LOCAL app available through Apple TV, Amazon FireTV, Roku, Google Android TV,