Americans report losses of more than a billion dollars a year to international scam artists, according to the Federal Trade Commission, the nation’s consumer protection agency. Con artists can reach out across the globe to victimize people using the phone, email, postal mail, and the Internet, tricking them into sending their cash or revealing their […]
Monthly Archives: July 2010
Statement by FTC Chairman Jon Leibowitz Regarding House Passage of Legislation To Stop Costly Pay-for-Delay Drug Settlements
Federal Trade Commission Chairman Jon Leibowitz issued the following statement regarding the House of Representatives’ approval of legislation to stop anticompetitive drug patent settlements. FTC economists estimate that these collusive deals between brand name and generic drug companies cost consumers about $3.5 billion a year by delaying consumers’ access to lower-cost generic drugs. “Congress has […]