3 ms·

Good thing non-competes are now illegal. https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes https://www.ftc.gov

Good thing non-competes are now illegal. https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes https://www.ftc.gov/news-events/news/press-releases/2024/04/...

ceejayoz 2y ago
Maybe. After the inevitable judge shopping (I'd predict northern Texas; https://www.cnn.com/2024/04/01/politics/judge-shopping-northern-district-texas/index.html https://www.cnn.com/2024/04/01/politics/judge-shopping-north...) leading to a national injunction goes up to SCOTUS, we'll see.
- WWLink 2y ago
  hahahaha. Imagine if SCOTUS decides said law banning non-competes is unconstitutional. Could they do it in such a way to kill the "non-competes are unenforceable" law in CA? that would suck.
  - dantheman 2y ago
    No, it's the FTC doesn't have the authority - this is an easy thing to do federally, just convince congress to ban them... most things should not be decided by the executive.
    - ceejayoz 2y ago
      The FTC has had authority to regulate unfair trade practices since 1914. https://en.wikipedia.org/wiki/Federal_Trade_Commission_Act_of_1914 https://en.wikipedia.org/wiki/Federal_Trade_Commission_Act_o... > Under this Act, the Commission is empowered, among other things, to (a) prevent unfair methods of competition, and unfair or deceptive acts or practices in or affecting commerce; (b) seek monetary redress and other relief for conduct injurious to consumers; (c) prescribe trade regulation rules defining with specificity acts or practices that are unfair or deceptive, and establishing requirements designed to prevent such acts or practices; (d) conduct investigations relating to the organization, business, practices, and management of entities engaged in commerce; and (e) make reports and legislative recommendations to Congress. It's hard to see non-competes as anything other than an "unfair method of competition", and it's shameful it has taken this long to act.
    - WWLink 2y ago
      And then conveniently load the congress up with conservatives that would never ever deprive a business of their profits. because profits are sacred.
      - mrexroad 2y ago
        Ferengi Rules of Acquisition Number Ten
FireBeyond 2y ago
My only concern in this context is that this is in relationship to employee relationships. If said vets had an ownership stake in a sold practice, could they be restricted by virtue of this different context?

ceejayoz 2y ago

Maybe. After the inevitable judge shopping (I'd predict northern Texas; https://www.cnn.com/2024/04/01/politics/judge-shopping-northern-district-texas/index.html https://www.cnn.com/2024/04/01/politics/judge-shopping-north...) leading to a national injunction goes up to SCOTUS, we'll see.

WWLink 2y ago
hahahaha. Imagine if SCOTUS decides said law banning non-competes is unconstitutional. Could they do it in such a way to kill the "non-competes are unenforceable" law in CA? that would suck.
- dantheman 2y ago
  No, it's the FTC doesn't have the authority - this is an easy thing to do federally, just convince congress to ban them... most things should not be decided by the executive.
  - ceejayoz 2y ago
    The FTC has had authority to regulate unfair trade practices since 1914. https://en.wikipedia.org/wiki/Federal_Trade_Commission_Act_of_1914 https://en.wikipedia.org/wiki/Federal_Trade_Commission_Act_o... > Under this Act, the Commission is empowered, among other things, to (a) prevent unfair methods of competition, and unfair or deceptive acts or practices in or affecting commerce; (b) seek monetary redress and other relief for conduct injurious to consumers; (c) prescribe trade regulation rules defining with specificity acts or practices that are unfair or deceptive, and establishing requirements designed to prevent such acts or practices; (d) conduct investigations relating to the organization, business, practices, and management of entities engaged in commerce; and (e) make reports and legislative recommendations to Congress. It's hard to see non-competes as anything other than an "unfair method of competition", and it's shameful it has taken this long to act.
  - WWLink 2y ago
    And then conveniently load the congress up with conservatives that would never ever deprive a business of their profits. because profits are sacred.
    - mrexroad 2y ago
      Ferengi Rules of Acquisition Number Ten

FireBeyond 2y ago

My only concern in this context is that this is in relationship to employee relationships. If said vets had an ownership stake in a sold practice, could they be restricted by virtue of this different context?