Connect with us

Hi, what are you looking for?

Tech News

The FTC’s ban against noncompete agreements may be under threat

Illustration by The Verge | Photo via Getty Images

A federal judge could block the Federal Trade Commission’s impending ban on noncompete agreements from going into effect. Noncompete agreements are intended to make it difficult for employees to switch to similar positions at other companies or start businesses of their own, and they’ve been a contentious issue within tech companies in particular.

The ban had been set to go into force on September 4th, but on Wednesday, Judge Ada Brown issued a preliminary injunction in a lawsuit brought against the FTC. For those plaintiffs, the FTC’s ban will no longer go into effect on September 4th. Brown says she plans to rule on their entire challenge to the FCC “on or before August 30, 2024,” potentially stopping the FTC from blocking noncompetes…

Continue reading…

You May Also Like

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

World News

Former president Donald Trump’s 92-minute-long speech accepting the Republican presidential nomination on the final night of his party’s national convention rambled, often incoherently, through...

World News

Members of former president Donald Trump’s Secret Service detail and his top advisers have privately questioned why they were not informed that local police...

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, available to watch below, Dave recaps a shortened trading session marked by strength in the technology sector,...