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For media inquiries, please contact Cecilia Peña-Colon at CPena@PhillipsNizer.com
 

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  • ON AGAIN, OFF AGAIN…OFF AGAIN NOW: The FTC’s Non-Compete Rule
    08/27/2024

    On August 20, 2024, the United States District Court for the Northern District of Texas set aside and deemed unlawful and unenforceable the Non-Compete Rule (“Rule”) promulgated by the Federal Trade Commission (“FTC”).  In Ryan LLC v. Federal Trade Commission (“Ryan”), 2024 WL 3879954 (N.D. Texas August 20, 2024), the Court determined that the Rule was violative of the FTC Act, the Administrative Procedure Act, and the Declaratory Judgment Act.  The Court ruled that the FTC “exceeded its statutory authority in implementing the Rule” and further declared the Rule to be “arbitrary and capricious” for being unreasonably overbroad and not reflective of reasonable alternatives.  The Court held that the Rule “shall not be enforced or otherwise take effect on September 4, 2024, or thereafter.”

  • Mark Axinn Published in Habitat Weekly With Article, “Dealing With Deadbeats”

    08/19/2024

    Mark Axinn, Chair, Cooperative and Condominium Practice at Phillips Nizer, was published in Habitat Weekly’s July/August 2024 issue with the article, “Dealing with Deadbeats”, discussing what co-op boards should do when a shareholder falls behind on shareholder payments or stops paying them altogether.