FTC new rule bans noncompetes nationwide, US Chamber files lawsuit

WASHINGTON, D.C.—The Federal Trade Commission (FTC), the federal agency responsible for policing and preventing unfair competitive practices in commerce, announced a new rule, on April 23, banning the use and enforcement of noncompetes nationwide. The FTC Commissioners determined that noncompetes are an unfair method of competition, and therefore violated Section 5 of the FTC Act. […]