Bristol-Myers Squibb to Pay $2.1 Million Penalty for Failure to Disclose Agreement Involving Substantial Payments to Delay Entry of a Generic Version of the Drug Plavix

Drug maker Bristol-Myers Squibb Company (BMS) will pay $2.1 million – the largest fine allowed by law – for failing to inform the Federal Trade Commission of agreements reached with Apotex, Inc., regarding potential generic competition to its blockbuster drug Plavix. BMS’s conduct violated a 2003 FTC Order and the Medicare Modernization Act, which requires […]

Bristol-Myers Squibb to Pay $2.1 Million Penalty for Failure to Disclose Agreement Involving Substantial Payments to Delay Entry of a Generic Version of the Drug Plavix

Drug maker Bristol-Myers Squibb Company (BMS) will pay $2.1 million – the largest fine allowed by law – for failing to inform the Federal Trade Commission of agreements reached with Apotex, Inc., regarding potential generic competition to its blockbuster drug Plavix. BMS’s conduct violated a 2003 FTC Order and the Medicare Modernization Act, which requires […]

New FTC Web Site Helps Consumers Cope With Tough Economic Times

The Federal Trade Commission, the nation’s consumer protection agency, has a new Web site at ftc.gov/MoneyMatters for people dealing with debt; struggling to find a job; or trying to create a budget, save, and spend wisely during these difficult times. Money Matters offers short, practical tips, videos, and links to reliable resources for more information […]

FTC Tells Congress Changes in Law and More Resources Would Enhance the Agencys Consumer Protection Efforts in Financial Services Markets

The Federal Trade Commission today told the U.S. House Subcommittee on Financial Services and General Government of the Committee on Appropriations that the FTC has intensified its efforts to protect consumers in financial services markets, and that changes in the law and additional resources would enhance the agency’s effectiveness. FTC Chairman Jon Leibowitz testified that […]

Chairman Issues Commissions Annual Report at ABA Spring Meeting

Federal Trade Commission Chairman Jon Leibowitz today issued the FTC’s 2009 Annual Report at the American Bar Association’s Section of Antitrust Law Spring Meeting in Washington, DC. “The FTC in 2009,” available on the Commission’s Web site at http://www.ftc.gov/reports/index.shtm, describes the agency’s competition and consumer protection accomplishments since last March. The online version of the […]

Chairman Issues Commissions Annual Report at ABA Spring Meeting

Federal Trade Commission Chairman Jon Leibowitz today issued the FTC’s 2009 Annual Report at the American Bar Association’s Section of Antitrust Law Spring Meeting in Washington, DC. “The FTC in 2009,” available on the Commission’s Web site at http://www.ftc.gov/reports/index.shtm, describes the agency’s competition and consumer protection accomplishments since last March. The online version of the […]

FTC Charges Dish Network, Formerly Known as EchoStar, with Multiple Do Not Call Violations

The U.S. Department of Justice, at the Federal Trade Commission’s request, filed suit today in federal district court charging that satellite television provider Dish Network, directly and through its authorized dealers, called numerous consumers whose numbers are on the National Do Not Call Registry. The United States also charged Dish Network, previously known as EchoStar, […]

Court Halts Bogus Mortgage Loan Modification Operations

At the request of the Federal Trade Commission, a U.S. district court has ordered two companies to stop falsely advertising that they are part of a government-endorsed mortgage assistance network and that they successfully modify mortgages for almost all of their clients or else give refunds. In fact, the FTC alleges that the defendants are […]

Court Halts Bogus Mortgage Loan Modification Operations

At the request of the Federal Trade Commission, a U.S. district court has ordered two companies to stop falsely advertising that they are part of a government-endorsed mortgage assistance network and that they successfully modify mortgages for almost all of their clients or else give refunds. In fact, the FTC alleges that the defendants are […]

FTC Testifies on Efforts to Protect Consumers of Financial Services; Urges New Tools for Stronger Enforcement Authority

The Federal Trade Commission today told the U.S. House Subcommittee on Commerce, Trade and Consumer Protection of the Committee on Energy and Commerce that the FTC will continue protecting consumers from predatory lending and other illegal practices through all stages of the credit life-cycle, from advertising of credit through collection of debt. The FTC also […]