James L. Dolan, Executive Chairman of Madison Square Garden Company, has agreed to pay $609,810 in civil penalties to resolve Federal Trade Commission allegations that he violated the Hart-Scott-Rodino Act by failing to report in a timely manner his acquisition of voting securities in Madison Square Garden Company. Under the Hart-Scott-Rodino Act, companies and individuals must notify […]
Monthly Archives: December 2018
FTC Releases FY 2018 National Do Not Call Registry Data Book and Mini Site
The Federal Trade Commission today issued the National Do Not Call Registry Data Book for Fiscal Year 2018. The FTC’s National Do Not Call (DNC) Registry lets consumers choose not to receive most legal telemarketing calls. The data show that the number of active registrations on the DNC Registry has increased significantly over the past […]
Online Seller to Pay $60,000 Penalty for Violating the Contact Lens Rule
A California-based online seller of non-corrective, decorative contact lenses will pay a $60,000 penalty and be banned from all contact lens sales, under an order settling Federal Trade Commission allegations that he has violated the Contact Lens Rule since at least 2014. Under the Contact Lens Rule, sellers may provide contact lenses to consumers only […]
FTC Seeks Comment on Identity Theft Detection Rules
The Federal Trade Commission is seeking comment on whether the agency should make changes to rules requiring that financial institutions and creditors take certain steps to detect signs of identity theft affecting their customers. As part of the Commission’s periodic review of all its rules and guides, the FTC is seeking comment on whether any […]
FTC Hearings on Competition and Consumer Protection in the 21st Century Continue With Examination of Acquisitions Involving Ownership Interests in Competing Companies
Federal Trade CommissionHeadquarters:600 Pennsylvania Avenue, NWWashington, DC 20580Contact Us Related posts: FTC Hearings on Competition and Consumer Protection in the 21st Century Continue with Examination of Algorithms, Artificial Intelligence, and Predictive Analytics FTC Announces Agenda for the Seventh Session of its Hearings on Competition and Consumer Protection in the 21st Century; Session at Howard University […]
“Nobetes” Dietary Supplement Marketers Settle FTC Complaint Alleging Unsubstantiated Health Claims, Illegal Billing Practices, and Deceptive Endorsements
The officers of a company that marketed and sold Nobetes, a pill they claimed treats diabetes, have settled a Federal Trade Commission complaint alleging that the advertising claims for the product are false or unsubstantiated. The order settling the FTC’s complaint prohibits the company and its officers from undertaking future deceptive practices, including making unsubstantiated […]
FTC Approves Modified Final Order Imposing Conditions on Northrop Grumman’s Acquisition of Solid Rocket Motor Supplier Orbital ATK, Inc.
Following a public comment period, the Federal Trade Commission has approved a modified final order settling charges that Northrop Grumman’s $7.8 billion acquisition of aerospace and defense contractor Orbital ATK likely would be anticompetitive. According to the complaint, which was first announced in June 2018, the acquisition would provide Northrop with the incentive and ability […]
FTC Submits Comment on FDA Guidance Aimed at Deterring Abuse of Citizen Petition Process
The Federal Trade Commission has responded to the Food and Drug Administration’s request for comment on its revised draft guidance, which aims to deter pharmaceutical companies from abusing the citizen petition process to delay approval of and competition from generic drugs. According to the comment, many have expressed concerns about the gaming of citizen petitions. […]
Defendants in Sellers Playbook Get-Rich Scheme Settle with FTC and Minnesota
The defendants in a Minnesota-based business opportunity scheme known as Sellers Playbook have settled with the Federal Trade Commission and the State of Minnesota. The Sellers Playbook defendants include Jessie Conners Tieva, Matthew R. Tieva, and their companies, Exposure Marketing Company and Sellers Playbook, Inc. The FTC and the Minnesota Attorney General’s Office alleged that […]
Latest Consumer Protection Data Spotlight Finds Seniors Sending Thousands in Cash to Scammers Claiming to be their Grandchildren
Older consumers who report losing money to fraud are reporting a disturbing trend: Scammers claiming to be a loved one in trouble are getting people 70 and over to send thousands of dollars in cash. In the second Consumer Protection Data Spotlight, the Federal Trade Commission examined complaints about family and friend imposter scams. These […]