“First, in my mind, the plain text of the FTC Act clearly gives the agency the authority to promulgate rules addressing unfair methods of competition," FTC Chair Lina Khan said. Not everyone agrees.
April 23, 2024 at 06:02 PM
5 minute read
A divided Federal Trade Commission on Tuesday finalized a rule prohibiting employers from imposing noncompete agreements on their workers, a controversial regulation that global tax services provider Ryan greeted by filing suit in a Texas federal court saying the FTC’s action exceeds its statutory authority.
The U.S. Chamber of Commerce announced its own plans to sue within hours of the FTC’s party-line 3-2 vote.
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Breaking news and trends for law firm and legal departments about the evolving federal regulations in a volatile political climate.
U.S. Federal Trade Commission building in Washington, D.C. Photo: Diego M. Radzinschi/ALM
