FTC Orders Another Glass Container Maker to Drop Noncompetes

Anchor Glass Container Corp. agreed to drop noncompete agreements with more than 300 workers after the Federal Trade Commission accused the manufacturer of violating antitrust law.

Anchor and its owners Lynx Finance GP and Lynx Finance GP, in a consent decree with the agency, agreed to refrain from entering into or enforcing noncompete agreements with employees. The companies must notify affected employees that the agreements are no longer in effect and notify future workers and management of the order and complaint for the next decade.

The commission alleged that Anchor violated Section 5 of the FTC Act, which prohibits unfair ...