FTC Concludes that Impax Entered into Illegal Pay-for-Delay Agreement

The Federal Trade Commission announced its Opinion and Final Order against generic pharmaceutical company Impax Laboratories LLC. The Commission ruled that Impax engaged in an illegal pay-for-delay, or “reverse payment,” settlement to block consumers’ access to a lower-cost generic version of Endo Pharmaceuticals Inc.’s branded extended-release opioid pain reliever Opana ER. In its Opinion, written […]

Richard T. Diver

Litigation Release No. 24434/ March 28, 2019 Securities and Exchange Commission v. Richard T. Diver, No. 1:19-cv-02771 (DC SDNY filed March 28, 2019) The Securities and Exchange Commission today filed charges against the former Chief Operating Officer (COO) of a Commission-registered investment adviser for aiding and abetting the advisory firm’s actions to overbill its clients […]

FTC Staff Testifies in Favor of Repealing Alaska Laws that Limit Competition in the Health Care Sector

Federal Trade Commission staff has recommended that Alaska pass Senate Bill 1, which would repeal its certificate-of-need (CON) law. Alaska’s CON law requires healthcare providers to obtain state approval before expanding, establishing new facilities or services, or making certain large capital expenditures. On March 27, 2019, FTC staff Daniel J. Gilman and David R. Schmidt […]

FTC, States Continue Fight against Sham Charities; Shut Down Operations That Falsely Claimed to Help Disabled Police Officers and Veterans

The operators of two purported sham charities have agreed to settle charges by the Federal Trade Commission and the Attorneys General of Missouri and Florida that they deceived donors with false claims that their organizations helped disabled police officers and military veterans. The operators of both schemes are permanently banned from charitable solicitations or otherwise […]

TSX Delisting Review – Toscana Energy Income Corporation (TEI, TEI.DB)

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TSX Delisting Review – exactEarth Ltd. (XCT)

TMX Group Limited and its affiliates do not endorse or recommend any securities issued by any companies identified on, or linked through, this site. Please seek professional advice to evaluate specific securities or other content on this site. All content (including any links to third party sites) is provided for informational purposes only (and not […]

FTC Chairman Releases 2018 Annual Highlights

Federal Trade Commission Chairman Joe Simons released the agency’s 2018 Annual Highlights today, highlighting the FTC’s ongoing efforts to protect the interests of consumers and promote a competitive marketplace. “The FTC has continued to focus on areas that have the greatest consumer impact, including health care, technology, and consumer products and services,” said Chairman Simons. […]

Office Depot and Tech Support Firm Will Pay $35 Million to Settle FTC Allegations That They Tricked Consumers into Buying Costly Computer Repair Services

Office Depot, Inc. and a California-based tech support software provider have agreed to pay a total of $35 million to settle Federal Trade Commission allegations that the companies tricked customers into buying millions of dollars’ worth of computer repair and technical services by deceptively claiming their software had found malware symptoms on the customers’ computers. […]

James K. McKillop

The Securities and Exchange Commission today filed settled charges against recidivist James K. McKillop for acting as an unregistered broker and for failing to timely file required beneficial ownership forms in connection with his position at Tiber Creek Corp. The SEC also separately filed related settled administrative charges against Tiber Creek and Tiber Creek’s president, […]

FTC Describes its Oversight of Consumer Reporting Agencies’ Data Security Practices In Testimony before House Oversight and Reform Subcommittee

Testifying before a House Oversight and Reform Subcommittee, the Federal Trade Commission described its role in overseeing the data security practices of consumer reporting agencies (CRAs). In testimony before the Subcommittee on Economic and Consumer Policy, the FTC described its experience enforcing data security laws against CRA, as part of the agency’s broader efforts over […]