FTC Continues Actions to Stop Deceptive Free-Trial and Negative Option Pitches

The Federal Trade Commission today announced another case in a series of recent actions targeting allegedly deceptive online “free-trial” offers that tricked consumers into enrolling in negative option plans. The Commission’s complaint against a Puerto Rico-based defendant and the companies he controlled alleges violations of the Restore Online Shoppers’ Confidence Act (ROSCA) through negative option […]

Imposter Scams Top Complaints Made to FTC in 2018

For the first time, imposter scams topped the list of consumer complaints submitted in 2018 to the Federal Trade Commission’s nationwide Consumer Sentinel database, driven in part by a jump in reports about government imposter scams. Click image to see full visual snapshot Fraudsters operating government imposter scams falsely claim to be from the Internal […]

Last Remaining Defendant Settles FTC Suit that Led to Landmark Supreme Court Ruling on Drug Company “Reverse Payments”

The Federal Trade Commission has reached a settlement in FTC v. Actavis, the 2009 FTC case alleging that the brand-name drug company Solvay and three generic drug companies illegally agreed to restrict generic competition to Solvay’s branded testosterone-replacement drug AndroGel for nine years. After the district court dismissed the FTC’s complaint and the appellate court […]

FTC Issues Modified Final Order Imposing Conditions on Merger of International Industrial Gas Suppliers Praxair, Inc. and Linde AG

Following a public comment period, the Federal Trade Commission has approved a modified final order requiring industrial gas suppliers Praxair, Inc. and Linde AG to sell assets in nine industrial gases product markets in numerous U.S. geographic markets to four divestiture buyers. The nine product markets in which the Commission alleged harm in its October […]

Castleberry Financial Services Group, LLC, et al.

Litigation Release No. 24412 / February 27, 2019 Securities and Exchange Commission v. Castleberry Financial Services Group, LLC, et al., No. 9:19-cv-80244-RLR (S.D. Fla. filed February 19, 2019) On February 20, 2019, The Securities and Exchange Commission announced fraud charges and an asset freeze against the operators of a South Florida-based investment fund scheme, one […]

FTC Releases Reports on Cigarette and Smokeless Tobacco Sales and Marketing Expenditures for 2017

The number of cigarettes that the largest cigarette companies in the United States sold to wholesalers and retailers nationwide declined from 240.5 billion in 2016 to 229.1 billion in 2017, according to the most recent Federal Trade Commission Cigarette Report. The amount spent on cigarette advertising and promotion decreased from $8.71 billion in 2016 to […]

Video Social Networking App Musical.ly Agrees to Settle FTC Allegations That it Violated Children’s Privacy Law

Note: The FTC will host a conference call for media with Bureau of Consumer Protection Director Andrew Smith: Date: Feb. 27, 2019Time: 2 pm ETCall-in: (800) 553-0318, confirmation number: 464703 Call-in lines, which are for media only, will open 15 minutes prior to the start of the call. Andrew Smith will be available to take […]

FTC Extends Public Comment Periods for Some Sessions of its Hearings Initiative

The Federal Trade Commission announced that it has extended the public comment periods for some of the sessions in its Hearings Initiative, and that comments for all the remaining sessions will be due by May 31, 11:59 PM EDT. Specifically, for the following sessions, the deadline for members of the public to submit a comment […]

TSX Delisting Review – Crosswinds Holdings Inc. (CWI)

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Daniel Adams, Michael Flanders, Spiderworx Media LLC, and An L.A. Minute LLC

The Securities and Exchange Commission today charged movie director and convicted felon Daniel Adams, music producer Michael Flanders, and companies under their control with defrauding two investors in connection with financing the movie entitled An L.A. Minute. The SEC’s complaint alleges that, in 2016, Adams and Flanders induced the two individuals to invest $160,000 through […]