On April 23, 2024, the Federal Trade Commission (“FTC”) issued a final rule banning noncompete agreements in the United States, effective September 4, 2024. Immediately after the FTC approved the final rule, multiple entities filed lawsuits challenging the rule and seeking injunctions to postpone the effective date. Currently it is unclear if and when the rule will go into effect, but employers should be prepared for the rule to become effective.(more…)