Vince McMahon settles SEC charges over undisclosed agreements with women
The Securities and Exchange Commission disclosed to the sports entertainment company's board of directors that former WWE CEO Vince McMahon had entered into two $10.5 million settlements with two women to protect his potential from being exposed. They announced that they had settled the charges. The allegations against himself and WWE. McMahon resigned from WWE's […]
Biden admin appeals plea agreements with Guantanamo detainees, including 9/11 mastermind
The Biden administration has asked a federal appeals court to temporarily block plea agreements with three detainees at Guantanamo Bay, Cuba, including 9/11 mastermind Khalid Sheikh Mohammad, seeking to avoid the death penalty for the defendants. There is. The three prisoners were scheduled to enter their pleas at a military prison as early as Friday. […]
Trump’s team still hasn’t signed transition of power agreements, White House says
Trump and Vance's transition team have not yet signed the necessary documents to officially begin the transition, the White House said. “Our teams remain in contact,” Press Secretary Karine Jean-Pierre told reporters Thursday, adding, “At this time…the Trump-Vance transition team has not yet reached an agreement with the White House or the General Secretariat.” “I'm […]
Federal judge upholds FTC ban on noncompete agreements
A federal judge has rejected a tree-trimming company’s challenge to block the Federal Trade Commission’s (FTC) enforcement of a non-compete agreement. In April, the FTC issued rules banning all new non-compete agreements and requiring companies to inform current and former employees that they won’t enforce existing agreements, but made exceptions for senior executives who are […]
Judge rejects bid to block Biden admin. ban on noncompete agreements
A federal judge in Philadelphia on Tuesday rejected a tree-trimming company’s bid to block a Federal Trade Commission rule that bans common agreements that keep workers from joining or starting a rival company of their employer. In a written decision, U.S. District Judge Kelly Hodge in Philadelphia said the FTC, which enforces federal antitrust laws, […]
State may ban non-compete agreements for doctors, nurses
(The Center Square) — Pennsylvania may ban non-compete agreements for health care workers, ridding the commonwealth of most restrictions on where doctors and nurses can work. The legislation passed the House in May and awaits action in the Senate. House Bill 1633, sponsored by Rep. Dan Frankel, D-Pittsburgh, would make non-competes void and unenforceable for […]
FTC Bans Noncompete Agreements for Employers, Chamber of Commerce Sues to Block It
The Federal Trade Commission (FTC) has banned nearly all non-compete employment agreements that prohibit workers from leaving for competing companies or starting their own companies. The ban passed by a narrow 3-2 vote on Tuesday after the commission received more than 26,000 public comments, some of which were mentioned by Commissioner Lina Khan. “We have […]
How US changes to ‘noncompete’ agreements and overtime pay could affect workers
The Federal Trade Commission passed a resolution this week banning non-compete agreements, and the Biden administration finalized rules that would make more salaried workers eligible for overtime pay. Starting July 1, employers will be required to pay overtime to salaried workers in certain managerial, executive and professional positions who make less than $43,888 a year. […]
FTC votes to ban noncompete agreements
Voted by the Federal Trade Commission (FTC) Tuesday’s 3-2 vote bans noncompete agreements that prevent tens of millions of employees from working for competitors or starting competing businesses after leaving their jobs. From fast food workers to CEOs, the FTC estimates 18% of the US workforce Approximately 30 million people are covered by non-compete agreements. […]
FTC votes to ban noncompete agreements despite business groups’ vow to sue
U.S. companies will no longer be able to prevent employees from taking jobs at competitors under rules approved by a federal agency on Tuesday, but the rules are certain to be challenged in court. The Federal Trade Commission voted 3-2 on Tuesday to pass a resolution banning measures known as “noncompete agreements,” which prohibit employees […]