Bad news, employees: noncompetes aren't going anywhere
Lina Khan's FTC sought to ban noncompete agreements.
Kevin Dietsch/Getty Images
- A federal judge blocked the Federal Trade Commission's non-compete regulation.
- The Texas judge ruled the FTC exceeded its authority and called the rule arbitrary and capricious.
- The rule was slated to take effect on September 4.
A federal judge has blocked the implementation of the Federal Trade Commission's regulation that would have canceled nearly all existing non-compete agreements.
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