April 19, 2024
FTC Open Meeting: Non-Competes on the Agenda Next Tuesday
This week, the FTC announced an open meeting next Tuesday, April 23rd. The Commission is scheduled to vote on final rules — previously proposed in January 2023 — that “would generally prevent most employers from using noncompete clauses.”
The press release notes that the FTC received upwards of 26,000 comments on the proposed rules — more than the SEC’s climate disclosure rules! This Morrison Forrester alert notes that, whatever form the final rules take, they’ll likely be “promptly challenged in litigation.”
– Meredith Ervine