Continuing its efforts to protect consumers from scams and deceptive pitches related to the coronavirus (COVID-19) pandemic, the Federal Trade Commission today announced it has sent 10 additional letters warning companies, both in the United States and abroad, to cease making unsubstantiated claims that their products can treat or prevent coronavirus disease. The companies receiving warning […]
Category Archives: Federal Trade Commission
Six More States Join FTC and NY Attorney General’s Case Against Vyera Pharmaceuticals, Martin Shkreli, and Other Defendants
The Federal Trade Commission has filed an amended complaint in federal court against Vyera Pharmaceuticals, LLC, adding six new states as co-complainants. The FTC filed the original complaint jointly with the New York State Office of the Attorney General on January 27, 2020, alleging an elaborate anticompetitive scheme by the defendants to preserve a monopoly […]
Federal Trade Commission and Justice Department Issue Joint Statement Announcing They are on Alert for Collusion in U.S. Labor Markets
The Federal Trade Commission’s Bureau of Competition and the Justice Department’s Antitrust Division jointly announced today that they will seek to protect workers on the front lines of the coronavirus (COVID-19) pandemic‑‑including doctors, nurses, first responders, and those who work in grocery stores, pharmacies, and warehouses, among other essential service providers‑‑by using various antitrust laws […]
FTC Approves Final Order Imposing Conditions on Veterinary Service Providers Compassion First and National Veterinary Associates
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Compassion First’s proposed $5 billion acquisition of National Veterinary Associates, or NVA, would violate federal antitrust law. According to the complaint, which was first announced in February 2020, the acquisition would have harmed competition in three local geographic […]
Federal Trade Commission Closes Investigation of Johnson & Johnson’s Proposed Acquisition of TachoSil from Takeda Pharmaceutical Company
Federal Trade CommissionHeadquarters:600 Pennsylvania Avenue, NWWashington, DC 20580Contact Us Related posts: Phoebe Putney Health System, Inc., Hospital Authority of Albany-Dougherty County, and HCA Inc. Settle FTC Charges that Acquisition of Palmyra Park Hospital Violated U.S. Antitrust Laws Statement of Chairwoman Edith Ramirez, and Commissioners Julie Brill and Maureen K. Ohlhausen regarding the Google Investigation FTC […]
FTC Sending Full Refunds to Consumers Who Paid for “Free” and “Risk-Free” Product Pitches
The Federal Trade Commission is mailing refund checks totaling $488,629 to consumers who bought golf and kitchen gadgets from a group of online marketers that allegedly used deceptive “free” and “risk-free” trials to sell their products. According to an FTC complaint filed in March 2017, AAFE Products and related defendants did not clearly disclose that […]
FTC Sends More Than $1 Million in Refunds to Victims of Online Selling Scam
The Federal Trade Commission is mailing checks totaling more than $1 million to individuals targeted by a business opportunity scheme that promised consumers big profits from selling on Amazon. The FTC and the Minnesota Attorney General’s Office alleged that Sellers Playbook, Inc. lured consumers into believing that they were likely to earn thousands of dollars […]
FTC Imposes Conditions on Össur Hf’s Acquisition of College Park Industries, Inc.
Össur Hf and College Park Industries, Inc., both makers of prosthetic limbs, have agreed to divest College Park’s myoelectric elbow business to settle Federal Trade Commission charges that Össur’s proposed acquisition of College Park would violate federal antitrust law. The FTC alleges that the transaction, which was not reportable under the Hart-Scott-Rodino Act, is likely to […]
FTC Obtains Preliminary Injunction Against Investor Training Scheme Online Trading Academy
A federal court has granted the Federal Trade Commission’s request for a preliminary injunction to halt the alleged illegal practices of Online Trading Academy (OTA). The court had previously entered a temporary restraining order in the case. The FTC’s complaint against OTA, Eyal Shachar (also known as Eyal Shahar), Samuel Seiden, and Darren Kimoto, filed […]
Canadian Maker of Smart Locks Settles FTC Allegations That it Deceived Consumers about its Security Practices
A Canadian company has settled Federal Trade Commission allegations that it deceived consumers by falsely claiming that its Internet-connected smart locks were designed to be “unbreakable” and that it took reasonable steps to secure the data it collected from users. The settlement requires Tapplock, Inc. to, among other things, implement a comprehensive security program and […]