Tips for Consumers May 6, 2011 OnGuardOnline.gov – the federal government’s online security site, managed by the Federal Trade Commission – is offering information to help PlayStation Network and Qriocity users avoid the risk of identity theft following Sony Corporation’s disclosure that those services were hacked and user data may be compromised. It’s not clear […]
Monthly Archives: May 2011
FTC Returns More Than $11.8 Million to Consumers Defrauded by Q-Ray Bracelet Scam
An administrator working for the Federal Trade Commission is mailing 248,931 refund checks to consumers defrauded by QT Inc., Q-Ray Company, and Bio-Metal, Inc., and their owner, Que Te Park, also known as Andrew Q. Park, who made false and misleading advertising claims that the Q-Ray bracelet provided immediate and significant pain relief and deceptively […]
FTC Seeking Public Comments on Application by Tops Markets to Sell Three Former Penn Traffic Supermarkets in Cortland and Ithaca, New York, and Sayre, Pennsylvania
Tops Markets LLC has submitted an application to the Federal Trade Commission seeking approval to sell three supermarkets to Hometown Markets, LLC. Tops is required to sell a total of seven supermarkets in five geographic markets – Bath, Cortland, Ithaca, and Lockport, New York; and Sayre, Pennsylvania – under a proposed FTC order settling charges […]
FTC Approves Dow Chemical Application to Amend Agreement with Huntsman Related to Union Carbide Acquisition
Following a public comment period, the Federal Trade Commission has approved an application by the Dow Chemical Company to amend an agreement related to its 2001 acquisition of Union Carbide Corporation. In order to obtain FTC approval for the merger, Dow entered into a consent agreement designed to remedy the alleged anticompetitive effects of the […]
FTC Settles Charges Against Two Companies That Allegedly Failed to Protect Sensitive Employee Data
Two companies that maintain large amounts of sensitive information about the employees of their business customers, including Social Security numbers, have agreed to settle Federal Trade Commission charges that they failed to employ reasonable and appropriate security measures to protect the data, in violation of federal law. Among other things, the settlement orders require the […]
FTC Staff Report Finds 60 Percent Increase in Pharmaceutical Industry Deals That Delay Consumers’ Access to Lower-Cost Generic Drugs
Pharmaceutical companies struck an unprecedented number of deals in Fiscal Year (FY) 2010 in which the manufacturers of branded products paid potential generic rivals and generic companies agreed to defer the introduction of lower-cost medicines for American consumers, according to an overview of industry data released by the staff of the Federal Trade Commission. The […]
FTC Announces Public Workshop on Antitrust and Accountable Care Organizations
On Monday, May 9, 2011, the Federal Trade Commission will host a workshop to seek input on the Proposed Statement of Antitrust Enforcement Policy, which discusses how the federal antitrust agencies will enforce U.S. antitrust laws when competing health care providers create new Accountable Care Organizations (ACOs) under the Affordable Care Act of 2010. The […]