Close date extended to the end of 7/9. FTC status report in Ryan v FTC (24-10951 in the 5th circuit) is due 7/10 as to whether they will continue to press the appeal.

@traders I can't get on PACER right now and I haven't seen any news. The trump admin had asked for a pause to decide what to do, that should have been over by now. I'll check back on Monday and reopen if appeal still pending.

@traders Update - if the FTC withdraws the rule, after having been blocked in the lower court, this will resolve NO.

Not sure if this is "final appeal" but ban is now blocked in federal courts

https://www.washingtonpost.com/business/2024/08/20/noncompete-ban-injunction-texas/

Yes, I expected this would happen. The FTC will appeal this case, most likely, and the ultimate outcome of that appeal will lead to the resolution of this market.

Here's a (somewhat hostile) description of one lawsuit already filed: https://prospect.org/justice/2024-04-24-noncompete-ban-ftc-trump-tax-adviser/