A federal district court in Texas on August 20 blocked implementation of the Federal Trade Commission’s (FTC) recent final rule banning most noncompete agreements.
Judge Ada Brown of the U.S. District Court for the Northern District of Texas said the FTC lacks legal authority to issue the rule, which it declared “arbitrary and capricious.” The decision means that the FTC cannot enforce the ban on noncompete agreements at this time, which was set to go in effect September 4.
Read more at AVMA News.
[Source: AVMA News 22 August 2024]