Understanding the FTC’s Landmark Ban on Noncompetes
In this episode of the "Fierce Competition" podcast, Skadden attorneys Tara Reinhart (partner, Washington, D.C.), Annie Villanueva Jeffers (partner, New York and Palo Alto) and Justine Haimi (counsel, New York) explore the Federal Trade Commission's (FTC’s) landmark ban on noncompete agreements. They discuss the FTC's rationale for the rule, as well as potential implications of the ban for businesses and enforcement challenges it may face. Tara, Annie and Justine point out the likelihood of a preliminary injunction against the rule due to ongoing litigation, and they highlight strategies for employers to navigate this new landscape. The episode emphasizes the FTC's increased focus on labor and worker protection, underscoring the need for companies to monitor the situation given its potential widespread impact on antitrust enforcement and employment practices. 💡 Meet Your Host 💡Name: Tara ReinhartTitle: Partner, Antitrust/Competition at SkaddenSpecialty: Tara is head of the Antitrust/Competition Group in Skadden’s Washington, D.C. office. She focuses on civil litigation and government investigations, with an emphasis on complex antitrust litigation and international cartel probes.Connect: LinkedIn💡 Featured Guests 💡Name: Annie Villanueva JeffersWhat she does: Annie is a partner in the Labor and Employment Law and Artificial Intelligence Groups at Skadden. She counsels clients on a broad range of employment matters, including employment-related issues arising out of U.S. and multinational corporate transactions, executive employment agreements, restrictive covenant agreements, reductions-in-force, discrimination charges and lawsuits, collective bargaining agreements and internal investigations.Organization: SkaddenWords of wisdom: On the FTC rule banning noncompetes: “It seems likely that this rule will be enjoined by the courts. I don't have a crystal ball, but that seems likely, in my opinion.”Connect: LinkedInName: Justine Haimi What she does: Justine is a counsel in the Antitrust/Competition Group at Skadden. She represents clients in connection with the antitrust aspects of litigation, mergers and acquisitions and advisory matters. She has worked with clients across a diverse range of industries, including health care, medical devices, insurance, consumer goods, telecommunications, energy and pharmaceuticals.Organization: SkaddenWords of wisdom: On the FTC rule banning noncompetes: “This rule is really a bombshell, but in retrospect, it was years in the making.”Connect: LinkedInConnect with Skadden☑️ Follow us on