On August 20, 2024, the court in Ryan LLC v. FTC, pending in the Northern District of Texas, granted the plaintiff and intervenors’ motions for summary judgment. The court ruled that the FTC lacked statutory authority to...more
At present, the Federal Trade Commission’s (FTC) final rule on non-competes (the “Rule”) is set to go into effect on September 4, 2024 for virtually every for-profit employer in the United States.
Though legal...more
On April 23, 2024, the Federal Trade Commission (FTC), in a party-line vote, approved its final rule banning most non-compete agreements.
The final rule bans all non-competes nationwide, including de facto non-competes,...more
4/25/2024
/ Corporate Executives ,
Department of Labor (DOL) ,
Employment Contract ,
Federal Bans ,
Federal Trade Commission (FTC) ,
Final Rules ,
FTC Act ,
Non-Compete Agreements ,
Non-Disclosure Agreement ,
Non-Solicitation Agreements ,
Notice of Proposed Rulemaking (NOPR) ,
Restrictive Covenants ,
Trade Secrets
In his 2021 Executive Order on Promoting Competition in the American Economy, President Biden called on the Federal Trade Commission (“FTC”) to “ban or limit non-compete agreements.” Last week, the FTC responded by taking...more
As summarized in the July 9, 2021 King & Spalding Client Alert, President Biden issued an executive order on July 9, 2021 designed to enhance competition across multiple sectors of the U.S. economy. One of the order’s key...more
7/14/2021
/ Biden Administration ,
Collusion ,
Competition ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Executive Orders ,
Federal Trade Commission (FTC) ,
No-Poaching ,
Non-Compete Agreements ,
Rulemaking Process ,
Trade Secrets ,
Wage-Fixing
The White House announced today that President Joe Biden issued an expansive executive order designed to enhance competition across multiple sectors of the U.S. economy, including healthcare, technology, internet service,...more
On Thursday, April 30, 2020, Florida Cancer Specialists & Research Institute LLC (“FCS”), the largest independent medical oncology/hematology practice in the U.S., agreed to pay a $100 million fine to resolve a criminal...more