- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-04-24T20:01:00
Tens of millions of noncompete clauses included in employee contracts nationwide will be null and void by about Labor Day under a final rule issued Tuesday by the Federal Trade Commission (FTC).
The rule to largely ban noncompete clauses in the United States is already under fire, after a lawsuit filed Wednesday by business advocates cast some doubt on its future.
Noncompete clauses are legal contracts employees are required to sign, in fields ranging from baking to computer technology, that prohibit them from working for another employer in the same field for a certain amount of time. An estimated 30 million employees are subject to noncompete clauses, the FTC said in a press release announcing the rule.
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2024-08-21T19:38:00Z By Aaron Nicodemus
A federal judge struck down the ban on noncompete clauses by the Federal Trade Commission that was set to take effect in September.
2024-05-14T19:33:00Z By Adrianne Appel
Staff at the Federal Trade Commission offered several steps businesses can take to comply with the agency’s upcoming ban on employee noncompete clauses.
2024-05-01T21:07:00Z By Adrianne Appel
Companies would be wise to prepare to comply with the Federal Trade Commission’s rule to ban noncompete clauses, despite legal challenges that might delay or prevent it taking effect altogether.
2025-04-02T18:50:00Z By Aaron Nicodemus
The Securities and Exchange Commission (SEC)’s pivot in favor of crypto took another step as the agency indicated it wants to resolve a long-standing lawsuit against the crypto exchange Gemini.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
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