The Federal Trade Commission (FTC) is warning mortgage services provider Mortgage Connect about its use of noncompete agreements, urging the company to review and potentially discontinue restrictive covenants that may violate federal antitrust law.
Friday’s letter, signed by FTC Chairman Andrew N. Ferguson and addressed to Mortgage Connect’s outside counsel, was a reaction to information made public in ongoing litigation in a Pennsylvania state court.
“FTC staff has reviewed public materials from your client’s lawsuit seeking to enforce a noncompete agreement against a former worker and the competitor who hired her,” Ferguson wrote. “These materials indicate that details ⇒
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