Search Results for: Federal Trade Commission Act

The UK Government formally acknowledged on Tuesday that atrocities committed against the Yazidi people in 2014 by Daesh, commonly known as ISIS, constituted genocide. The UK government’s statement follows a January 2023 German Federal Court of Justice ruling which found a former Daesh fighter guilty of acts of genocide and crimes against humanity. The determination by the UK [...]

The great end of government and laws is human happiness; the rulers ought, therefore, to understand and know on what it consists; and the means of producing it. — Hon. Jesse Root, “On the Principles and End of Government” The summer of 1776 was quite productive in the annals of American intellectual and legal thought. [...]

Federal prosecutors with the Securities and Exchange Commission (SEC) arrested three of former President Donald Trump’s business associates based on insider trading charges. Bruce Garelick, Michael Shvartsman and Gerald Shvartsman are accused of profiting off of nonpublic information ahead of a publicly traded company’s acquisition of Trump’s media business. According to the SEC’s complaint, Garelick [...]

The US Federal Trade Commission (FTC) sued retail platform Amazon.com Wednesday over allegations that Amazon deceived users into purchasing renewable subscriptions to its Prime service, which allows customers to save on delivery fees. The FTC claims that Amazon “duped millions of customers” into “unknowingly” purchasing these subscriptions through deceptive web design. In a heavily redacted [...]

The US Supreme Court Friday issued a 9-0 opinion in Axon Enterprise, Inc. v. Federal Trade Commission, holding that separate legal challenges to the structure of the Security and Exchange Commission (SEC) and the Federal Trade Commission (FTC) may proceed in federal court. The opinion, written by Justice Elena Kagan, stipulates that district courts retain federal question [...]

Last month, the Federal Trade Commission (FTC) proposed a new rule to ban non-compete clauses for workers. The proposed rule is great news for low wage workers because it would allow them to explore new job opportunities and give them leverage to bargain for better wages. One in five low wage workers are subject to [...]

The US Federal Trade Commission (FTC) Wednesday announced a $1.5 million civil penalty against digital healthcare company GoodRx for its failure “to notify consumers and others of its unauthorized disclosures of consumers’ personal health information to Facebook, Google, and other companies” in violation the FTC’s Health Breach Notification Rule (HBNR) (18 CFR § 318) and 15 U.S.C. § [...]

Private video game consumers Tuesday filed an antitrust lawsuit against Microsoft alleging the company’s intended purchase of Activision Blizzard, Inc., the maker of popular video game “Call of Duty,” for $68.7 billion creates a monopoly within the video game industry. Specifically, the lawsuit alleges that Microsoft violated Section 7 of the Clayton Antitrust Act (15 [...]

Recent concerns about leaks of US Supreme Court decisions and Justice Clarence Thomas’s refusal to recuse himself in a case that might involve connections to his wife, Virginia Thomas, have spurred calls for a code of ethics for US Supreme Court justices. Although the Judicial Conference of the United States promulgated a Code of Conduct [...]

Why was the cryptocurrency exchange FTX valued at $32 billion before it filed for bankruptcy? Many of the world’s most sophisticated investors believed it was worth that much and invested billions based on that valuation. They failed to detect the company’s massive misconduct and their investments were completely wiped out over the course of a [...]