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Rivkin Radler LLP

FTC Issues New Rule to Abolish Non-Compete Agreements UPDATED April 2024

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On Tuesday, April 23, the Federal Trade Commission (FTC) issued a final rule designed to promote competition and new business formation that, when effective, will impose a nationwide ban on non-compete agreements across all...more

McCarter & English, LLP

FTC Votes to Ban Non-Compete Agreements: What Healthcare Organizations Need to Know

The Federal Trade Commission (FTC) approved a sweeping ban on non-compete agreements by employers on April 23, 2024, in a 3-2 vote. The final rule provides that it is “an unfair method of competition” and thus a violation of...more

Dunlap Bennett & Ludwig PLLC

FTC Issues Rule Banning Employee Non-Compete Agreements

On April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 in favor of issuing a final rule that will essentially ban employers’ use of non-compete agreements in the workplace. Although the FTC’s non-compete rule isn’t...more

Gould + Ratner LLP

The FTC vs. Noncompete Agreements: And the Winner Is…??

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In an expected but still potentially paradigm-shifting move for employers, the Federal Trade Commission (FTC) has issued a “Final Rule” banning most noncompete agreements nationwide. The FTC justified its position by...more

Holland & Knight LLP

FTC Bans Non-Competes: Takeaways and Action Items for Healthcare Provider CEOs and Investors

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The Federal Trade Commission (FTC) issued a new rule on April 23, 2024, banning new non-compete agreements in all employment contexts. The highly anticipated rule has been summarized by our Holland & Knight colleagues. (See...more

Cozen O'Connor

FTC Issues Final Rule Banning Employee Noncompete Agreements

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This issue was first discussed in our January 9, 2023 Client Alert when the Federal Trade Commission (FTC) issued its Proposed Rule Banning Noncompetes. The FTC has now issued its Final Rule on April 23, 2024. As predicted,...more

McCarter & English, LLP

Department of Labor Significantly Increases Salary Thresholds for “White Collar” Overtime Exemptions

On April 23, 2024, the US Department of Labor (DOL) announced its final rule Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Computer and Outside Sales Employees—commonly referred to as the...more

McCarter & English, LLP

Yes, the FTC Did Just (Try to) Ban Non-Compete Agreements. For Now.

On Tuesday, April 23, 2024, the Federal Trade Commission (FTC) issued a final rule banning nearly all non-compete agreements effective 120 days from the rule’s formal publication. The move, or something like it, has been...more

Procopio, Cory, Hargreaves & Savitch LLP

FTC Seeks to Restrict Non-Compete Agreements

In a move that, if allowed to go into effect, could force companies across the United States to tear up existing contracts, the U.S. Federal Trade Commission (“FTC”) approved a Final Rule April 23, 2024, effectively barring...more

Cole Schotz

No More Non-Competes?

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On Tuesday, April 23rd, the Federal Trade Commission issued a rule banning all new and many existing employer and employee non-competition restrictions nationwide, subject to very limited exceptions (the “Rule”). The Rule...more

Stevens & Lee

The FTC’s Final Rule – A Sweeping Ban on Noncompetes

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The Federal Trade Commission yesterday held an open meeting at which it voted to finalize and promulgate its long-anticipated rule that effectively bans noncompetes nationwide subject to only a few exceptions. The rule will...more

Jackson Lewis P.C.

Federal Trade Commission’s Sweeping Final Rule to Ban Non-Competes: What You Need to Know

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On April 23, 2024, the Federal Trade Commission (FTC) issued its final rule prohibiting all non-compete agreements for all employees at all levels, with only extremely limited exceptions. The FTC’s much-anticipated action...more

Levenfeld Pearlstein, LLC

Key Takeaways from the FTC’s Non-Compete Ban

Tuesday, April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 to implement a new rule banning non-compete agreements for most U.S. workers. Specifically, the new rule prohibits employers from entering into or...more

Pillsbury Winthrop Shaw Pittman LLP

SEC’s Heightened Scrutiny of Rule 10b5-1 Plans and Final Rulemaking Focus Is on Insiders Rather than Issuers

The SEC seeks to regulate trading through internal compliance processes. The SEC settled insider trading charges in relation to misuse of a Rule 10b5-1 plan established in the name of a British Virgin Islands entity owned...more

BakerHostetler

SEC Adopts Dodd-Frank Act Pay-Versus-Performance Rules

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Key Takeaways - ..On August 25, 2022, the Securities and Exchange Commission (“SEC”) adopted final pay-versus-performance rules (the “Final Rules”) that guide the implementation of Section 953(a) of the Dodd-Frank Act,...more

Goodwin

Key Takeaways for Investors From the Federal Reserve’s Final “Control” Rule

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On January 30, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) issued a final rule (Rule) that revises the Federal Reserve’s regulations related to determinations of whether a first company (an...more

Skadden, Arps, Slate, Meagher & Flom LLP

"SEC Moves to Complete Final Rules for Executive Compensation Disclosures"

Public companies should start preparing for the new executive compensation disclosures mandated by the Dodd-Frank Act as the Securities and Exchange Commission (SEC) moves to complete these rulemakings in the next year. The...more

Perkins Coie

Dodd-Frank Executive Compensation Update: SEC Adopts CEO Pay Ratio Disclosure Rules

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The Securities and Exchange Commission (SEC) recently adopted final rules implementing one of the last four remaining executive compensation requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act. ...more

King & Spalding

Final Section 162(m) Regulations Clarify Exceptions to $1 Million Deduction Limit

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Section 162(m) of the Internal Revenue Code ("Section 162(m)") limits the tax deduction that a publicly held corporation may take with respect to compensation paid to each of the corporation's chief executive officer and its...more

Pillsbury Winthrop Shaw Pittman LLP

SEC Adopts Final Pay Ratio Disclosure Rules

The Securities and Exchange Commission (SEC) has adopted final rules under the Dodd-Frank Wall Street and Consumer Protection Act (the Dodd-Frank Act) to require U.S. public companies to disclose the ratio of the annual total...more

Cooley LLP

Alert: SEC Adopts Final Pay-Ratio Rule

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On August 5, 2015, the SEC adopted a final rule to implement Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, often referred to as the pay-ratio provision. The pay-ratio provision mandates...more

Foley & Lardner LLP

SEC Adopts Final Rules on CEO Pay Ratio Disclosure

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On August 5, 2015, the Securities and Exchange Commission (SEC) finalized rules requiring publicly traded companies to disclose the ratio of median compensation of all employees to the compensation of the principal executive...more

Benesch

SEC Adopts Final Rules on CEO Pay Ratio Disclosure

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On August 5, 2015, the Securities and Exchange Commission (“SEC”) adopted long-awaited final rules on CEO pay ratio disclosure (the “Rules”), which require that almost every SEC registrant disclose the ratio of the annual...more

Womble Bond Dickinson

SEC Adopts CEO Pay Ratio Rule

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Last week, the Securities and Exchange Commission (“SEC”), by a 3-2 vote, adopted the final CEO pay ratio rule, which was initially proposed by the SEC in September 2013, and originally mandated by Congress under Section...more

Littler

New Compensation Disclosures for Public Companies

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The Securities and Exchange Commission (SEC) has adopted a final rule requiring publicly traded corporations to disclose, to the SEC and shareholders, the ratio of CEO compensation to the "median compensation" of the...more

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