HEARD OVERHEARD

Not so this year!!! Barely into summer, and just when everyone was ready for a relaxing season, on June 27, 2024, the Supreme Court of the United States issued its 76 page decision in the matter of Harrington, United States Trustee, Region 2 v. Purdue Pharma L.P. et al. putting to rest the question...

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Bibliographic Details
Published in:Commercial Law World 2024-07, Vol.38 (3), p.11-11
Main Author: Borges, Wanda
Format: Article
Language:English
Subjects:
Judges & magistrates
Noncompetition agreements
Summer
Tax services
Online Access:Get full text
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Summary:Not so this year!!! Barely into summer, and just when everyone was ready for a relaxing season, on June 27, 2024, the Supreme Court of the United States issued its 76 page decision in the matter of Harrington, United States Trustee, Region 2 v. Purdue Pharma L.P. et al. putting to rest the question which had been dividing the Circuits of whether or not nonconsensual third-party releases are allowable in bankruptcy cases. On a completely different note, on August 20, 2024, U.S. District Court Judge Ada E. Brown issued her opinion striking down the Federal Trade Commission's ban on non-compete clauses. On August 20, 2024, U.S. District Court Judge Ada E. Brown agreed and determined that the FTC had no legal right to pass such a rule and specifically found that such Non-Compete Rule "shall not be enforced or otherwise take effect on September 4, 2024, or thereafter.
ISSN:0888-8000