On April 23, 2024, the U.S. Department of Labor (“DOL”) issued its final rule raising the exempt classification minimum salary threshold. The change is effective beginning July 1, 2024. In addition, the salary threshold for highly compensated employees will raise as well. Finally, the rule also sets automatic increases every three years starting in January 2027. The final rule raises the minimum salary threshold to $844 per week, up from $684 per week. The next increase to $1,128 per week would be on January 1, 2025. For highly compensated employees the minimum threshold increases to $132,964 on July 1, 2024, with the next salary increase to $151,164 becoming effective January 1, 2025. Employment attorney Shannon Hamilton takes a look at the rule in this Stites & Harbison Client Alert.

On April 17, 2024, Governor Andy Beshear signed House Bill 829 (“HB 829”) into law amending aspects of the Commonwealth’s budding Medical Cannabis Program (“Program”). Among other provisions, HB 829 expedites the licensing process for medical cannabis businesses. Jennifer Cave takes a look at the bill in this Stites & Harbison Client Alert.

Stites & Harbison, PLLC recently appointed Stites & Harbison, PLLC attorney Carol Dan Browning as Chair of the firm’s Pharmaceuticals & Medical Devices Litigation Group.

On April 23, 2024, the FTC issued its final rule banning employers’ use of non-compete agreements. The rule is broad, applying nationwide and to all non-compete agreements, with a few narrow exceptions. The ban has not gone into effect—it’s scheduled to go into effect 120 days after being published in the Federal Register—and legal challenges have already been filed. Robin McGuffin and Zac Losey take a look at the new rule in this Stites & Harbison Client Alert.