- A federal judge has blocked the Federal Trade Commission’s anti-competitive regulations.
- A Texas judge ruled that the FTC exceeded its authority and that its rules were arbitrary and capricious.
- The rule was scheduled to come into effect on September 4th.
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A federal judge in Texas has blocked the Federal Trade Commission from implementing regulations that would invalidate nearly all existing non-compete agreements.
Tuesday’s ruling comes as a relief to employers who will continue to be protected from employees quitting their companies to work for direct competitors.
The judge ruled that the FTC had “exceeded its statutory authority” in enacting the rule, calling it “arbitrary and capricious,” and concluded that the rule, which was to have taken effect on September 4, would cause irreparable harm.
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