Will the FTC's new non-compete ban be upheld on final appeal?

2kṀ1845

Jul 1

33%

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But based on the outcome of any final appeals for any cases pending by the end of 2024. Close date to extend if necessary.

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@traders Update - if the FTC withdraws the rule, after having been blocked in the lower court, this will resolve NO.

opened a Ṁ100 NO at 36% order

Not sure if this is "final appeal" but ban is now blocked in federal courts

https://www.washingtonpost.com/business/2024/08/20/noncompete-ban-injunction-texas/

Yes, I expected this would happen. The FTC will appeal this case, most likely, and the ultimate outcome of that appeal will lead to the resolution of this market.

Here's a (somewhat hostile) description of one lawsuit already filed: https://prospect.org/justice/2024-04-24-noncompete-ban-ftc-trump-tax-adviser/

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