Month: April 2024
Illinois Counties Selling Houses for Unpaid Taxes and Not Reimbursing Owners for Equity Triggers Class Action Lawsuit
Tax foreclosures are indeed legal. However, on May 25, 2023, the Supreme Court held in Tyler v. Hennepin, 598 U.S. 631 (2023), that when a local government takes a home at a property tax foreclosure and keeps the homeowner’s equity after the tax debt is paid, it violates the Takings Clause of the Fifth Amendment
FTC Votes to Ban Noncompetes
The Federal Trade Commission (FTC) has voted to approve a regulation which would ban noncompete agreements on a national level. The regulation stipulates that noncompete agreements unfairly limit workers’ mobility and lead to lower pay. The agency first proposed the ban on noncompete agreements in January of 2023, asserting the argument that they unfairly limit