FTC ban on noncompete agreements comes under legal attack

Noncompete Agreements News

FTC ban on noncompete agreements comes under legal attack
Trade SecretsU.S. Supreme CourtNondisclosure Agreements
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 44 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

NEW YORK (AP) — The federal government wants to make it easier for employees to quit a job and work for a competitor. But some companies say a new rule...

NEW YORK — The federal government wants to make it easier for employees to quit a job and work for a competitor. But some companies say a new rule created by the Federal Trade Commission will make it hard to protect trade secrets and investments they make in their employees.

“They’ve just gotten a little out of hand with line cooks being subject to noncompetes in some industries,” Spiggle added. “Think about it. You can’t work in a similar position for a year or more, and there’s often a geographical radius. You’ve got to move so you’re able to continue to work. For people who are spooning the beans on the front line, they’re singing noncompetes.

Business groups have voiced support for Ryan's lawsuit, including the Society for Human Resource Management, which said the FTC rule is overly broad and would discourage employers from investing in training for workers if those workers could easily quit the next day and take their knowledge elsewhere.

But U.S. District Court Judge Kelley Hodge said the tree company failed to show it would be irreparably harmed by the ban and the company wasn’t likely to win the case.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Trade Secrets U.S. Supreme Court Nondisclosure Agreements FTC Rule Agreements

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada selling one New York apartment to cover cost of new $9M condoCanada selling one New York apartment to cover cost of new $9M condoThe listing says 'a spacious living room provides southern exposure and custom smoke gray oak floors in a parquet pattern, while the adjacent dining room provides eastern exposure and plenty of space for entertaining.'
Read more »

Worldwide internet outage causes flight delays and cancellations in New York and New JerseyWorldwide internet outage causes flight delays and cancellations in New York and New JerseyA major internet outage affecting Microsoft disrupted flights at airlines and airports worldwide, with problems continuing hours after the technology company...
Read more »

Fraser, Schwarzman to Meet New UK Chancellor Reeves in New YorkFraser, Schwarzman to Meet New UK Chancellor Reeves in New York(Bloomberg) -- The UK’s new chancellor, Rachel Reeves, is set to meet top Wall Street executives including Citigroup Inc. Chief Executive Officer Jane Fraser...
Read more »

New York City turns to AI-powered scanners in push to keep guns out of the subway systemNew York City turns to AI-powered scanners in push to keep guns out of the subway systemNEW YORK (AP) — New York City is turning to AI-powered scanners in a new bid to keep guns out of its subway system, but the pilot program launched Friday is ...
Read more »

Gold prices holding steady as New York Fed's Empire State Survey drops to -6.6Gold prices holding steady as New York Fed's Empire State Survey drops to -6.6The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »

New York Rangers re-sign Matthew Robertson to one-year contractNew York Rangers re-sign Matthew Robertson to one-year contractIn 190 AHL games, the Edmonton native has tallied 55 points (10 goals, 45 assists).
Read more »



Render Time: 2025-03-20 17:29:00