Monthly Archives: June 2019

Auto Dealer Software Provider Settles FTC Data Security Allegations

An Iowa company that sells software and data services to auto dealers has agreed to take steps to better protect the data it collects, to settle Federal Trade Commission allegations that the firm’s poor data security practices led to a breach that exposed the personal information of millions of consumers. In a complaint, the FTC […]

Steven Fishoff, et al.

The United States District Court for the Southern District of New York has entered consent judgments against defendants Winson Tang and Deshan Govender, who were charged by the SEC in August 2018 with insider trading violations in connection with the announcement of a licensing agreement between two large pharmaceutical companies, Sangamo BioSciences Inc. and Biogen […]

DFRF Enterprises LLC, et al.

The Securities and Exchange Commission obtained final judgments against two purported gold mining companies and one of their promoters who were previously charged with operating a pyramid and Ponzi scheme. In June 2015, the SEC charged Heriberto C. Perez Valdes, a former Florida resident, Massachusetts-based DFRF Enterprises LLC, and Florida-based DFRF Enterprises, LLC, along with […]

Kimberly Pine Kitts

Litigation Release No. 24497 / June 11, 2019 Securities and Exchange Commission v. Kimberly Pine Kitts, No. 1:18-cv-11507 (D. Mass. filed July 19, 2018) On June 3, 2019, a federal court judge entered a final judgment against Massachusetts resident and Cape Cod-area investment adviser Kimberly Pine Kitts in an SEC case that charged Kitts with […]

FTC Announces Agenda for June 18 Workshop, A Health Check on COPAs

The Federal Trade Commission has announced an agenda for its upcoming workshop in Washington, DC regarding the impact of certificates of public advantage, also known as COPAs, on prices, quality, access, and innovation for healthcare services. First announced on April 12, 2019, the workshop will take place from 9 a.m. to 5 p.m. on June […]

Leon Vaccarelli, et al.

Litigation Release No. 24495 / June 10, 2019 Securities and Exchange Commission v. Leon Vaccarelli, et al., No. 3:17-cv-01471 (D. Conn., filed Aug. 31, 2017) United States v. Leon Vaccarelli, No. 18-cr-92-SRU (D. Conn., filed May 2, 2018) On May 29, 2019, a Connecticut man charged by the Securities and Exchange Commission with fraudulently persuading […]

FTC to Hold Workshop Examining Online Event Ticket Sales

WHAT: The Federal Trade Commission will host a workshop examining consumer protection issues related to the online event-ticket marketplace. WHEN: Tuesday, June 11 9:30 a.m. – 4:15 p.m. ET (Doors open at 8 a.m. ET) WHERE: Constitution Center400 Seventh St., SWWashington, D.C. 20024 WHO: The workshop will feature remarks by FTC Commissioner Rebecca Kelly Slaughter […]

FTC Hearings on Competition and Consumer Protection in the 21st Century Conclude with a Session Featuring State Attorneys General

WHO: The hearing will feature Attorneys General Jeff Landry (Louisiana), Doug Peterson (Nebraska), Jason Ravnsborg (South Dakota), and Herbert Slatery III (Tennessee), as well as senior staff from the Attorney General Offices of Arizona, the District of Columbia, Iowa, Mississippi, New Jersey, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington. It also will include a distinguished […]

Canon Inc., Toshiba Corporation Agree to Pay $5 Million for Violating Federal Antitrust Laws

Canon Inc. and Toshiba Corporation have agreed to settle Federal Trade Commission charges that the companies violated the premerger notification and waiting period requirements of the Hart-Scott-Rodino Act, or HSR Act, when Canon acquired Toshiba Medical Systems Corporation from Toshiba in 2016. The companies will pay $2.5 million each to settle the charges. The settlement […]