On August 20, 2024, the US District Court for the Northern District of Texas in Ryan LLC v. Federal Trade Commission issued an order blocking the Federal Trade Commission (FTC) rule banning all post-employment noncompete...more
On July 3, 2024, the US District Court for the Northern District of Texas issued an order temporarily enjoining the Federal Trade Commission (FTC) from implementing or enforcing its rule banning nearly all post-employment...more
On April 23, 2024, the Federal Trade Commission (FTC) voted 3 – 2 in favor of banning all post-employment noncompete agreements. The ban will take effect 120 days after the final rule is published in the Federal Register....more
As we reported in October 2023, noncompete agreements continue to receive widespread scrutiny – a trend that has continued in the first quarter of 2024. In this update, we describe what you need to know about the latest...more
Noncompete agreements have come increasingly under attack at the federal and state level in 2023. In this alert, we review notable recent developments on the legality of continuing to use noncompete agreements in the...more
Minnesota has joined a number of other states in cracking down against noncompete agreements – a trend growing increasingly common. On May 24, 2023, Minnesota Gov. Tim Walz signed SF 3035, a bill that prohibits most covenants...more
US District Judge Patti B. Saris of the US District Court for the District of Massachusetts recently held that stock options will suffice as “mutually agreed upon consideration” and “fair and reasonable consideration” under...more