LLC

Statement on Second Circuit Order Upholding “Pharma Bro” Martin Shkreli’s Lifetime Ban

Retrieved on: 
수요일, 1월 24, 2024
Vyera Pharmaceuticals, Social media, LLC, Competition, Blog, District court, Court, Federal Trade Commission, Second, Pyrimethamine, Toxoplasmosis, News, FTC

Bureau of Competition Director Henry Liu issued the following statement on the Second Circuit’s order:

Key Points: 
  • Bureau of Competition Director Henry Liu issued the following statement on the Second Circuit’s order:
    “The Second Circuit’s decision is a win for consumers seeking affordable, lifesaving medication and clearly demonstrates that corporate executives will be held personally liable for anticompetitive actions that they help orchestrate.
  • The Court imposed a lifetime ban against Shkreli participating in the pharmaceutical industry and found Shkreli liable for $64.6 million in disgorgement.
  • The Federal Trade Commission works to promote competition, and protect and educate consumers.
  • For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

Statement on Second Circuit Order Upholding “Pharma Bro” Martin Shkreli’s Lifetime Ban

Retrieved on: 
수요일, 1월 24, 2024
Vyera Pharmaceuticals, Social media, LLC, Competition, Blog, District court, Court, Federal Trade Commission, Second, Pyrimethamine, Toxoplasmosis, News, FTC

Bureau of Competition Director Henry Liu issued the following statement on the Second Circuit’s order:

Key Points: 
  • Bureau of Competition Director Henry Liu issued the following statement on the Second Circuit’s order:
    “The Second Circuit’s decision is a win for consumers seeking affordable, lifesaving medication and clearly demonstrates that corporate executives will be held personally liable for anticompetitive actions that they help orchestrate.
  • The Court imposed a lifetime ban against Shkreli participating in the pharmaceutical industry and found Shkreli liable for $64.6 million in disgorgement.
  • The Federal Trade Commission works to promote competition, and protect and educate consumers.
  • For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

FTC Announces Claims Process for Consumers Affected by CafePress’s Data Security Failures

Retrieved on: 
일요일, 1월 14, 2024
Blog, Social Security, Social Security number, Federal Trade Commission, LLC, Social, Complaint, News, Security, CafePress, Social media, FTC, Online shopping

The Federal Trade Commission is launching a claims process for consumers who had their Social Security numbers exposed in a data breach involving online merchandise platform CafePress.

Key Points: 
  • The Federal Trade Commission is launching a claims process for consumers who had their Social Security numbers exposed in a data breach involving online merchandise platform CafePress.
  • The company’s data security failures led to a data breach that exposed this sensitive data including Social Security numbers.
  • Residual Pumpkin also agreed to pay $500,000, which the FTC is using to compensate victims impacted by the data breach.
  • Consumers can apply if they were misled by CafePress’s data security claims and had their Social Security Number exposed in the CafePress data breach.

FTC Order Prohibits Data Broker X-Mode Social and Outlogic from Selling Sensitive Location Data

Retrieved on: 
일요일, 1월 14, 2024
Record, Program, Commission, Privacy, Medicine, Social media, SDK, LLC, Social, Collection, Advertising, Android, Federal, Blog, Radius, Risk, Regulations.gov, Sale, Consumer protection, Federal Trade Commission, IDS, Pharmacy, Disclosure, Marketing, Complaint, News, Register, FTC

Data broker X-Mode Social and its successor Outlogic will be prohibited from sharing or selling any sensitive location data to settle Federal Trade Commission allegations that the company sold precise location data that could be used to track people’s visits to sensitive locations such as medical and reproductive health clinics, places of religious worship and domestic abuse shelters.

Key Points: 
  • Data broker X-Mode Social and its successor Outlogic will be prohibited from sharing or selling any sensitive location data to settle Federal Trade Commission allegations that the company sold precise location data that could be used to track people’s visits to sensitive locations such as medical and reproductive health clinics, places of religious worship and domestic abuse shelters.
  • Today’s action underscores the FTC’s strong commitment to restraining the collection, sale, or disclosure of consumer' sensitive location data.
  • This raw location data is not anonymized, and is capable of matching an individual consumer’s mobile device with the locations they visited.
  • X-Mode/Outlogic sells and licenses precise location data that it collects from third-party apps that incorporate its software development kit (SDK) into their apps, from its own mobile apps, and by purchasing location data from other data brokers and aggregators.
  • According to the FTC’s complaint, until May 2023, the company did not have any policies in place to remove sensitive locations from the raw location data it sold.

FTC Announces Claims Process for Consumers Affected by CafePress’s Data Security Failures

Retrieved on: 
일요일, 1월 14, 2024
Blog, Social Security, Social Security number, Federal Trade Commission, LLC, Social, Complaint, News, Security, CafePress, Social media, FTC, Online shopping

The Federal Trade Commission is launching a claims process for consumers who had their Social Security numbers exposed in a data breach involving online merchandise platform CafePress.

Key Points: 
  • The Federal Trade Commission is launching a claims process for consumers who had their Social Security numbers exposed in a data breach involving online merchandise platform CafePress.
  • The company’s data security failures led to a data breach that exposed this sensitive data including Social Security numbers.
  • Residual Pumpkin also agreed to pay $500,000, which the FTC is using to compensate victims impacted by the data breach.
  • Consumers can apply if they were misled by CafePress’s data security claims and had their Social Security Number exposed in the CafePress data breach.

Statement Regarding the Termination of John Muir’s Takeover of San Ramon Regional Medical Center from Tenet Healthcare

Retrieved on: 
수요일, 1월 3, 2024
Federal Trade Commission, Work, Partnership, Acquisition, Blog, News, Competition, LLC, Tenet Healthcare, FTC, Social media, Patient, District court

The FTC and the State of California moved to dismiss their case challenging John Muir Health’s proposed deal to acquire sole ownership of San Ramon Regional Medical Center, LLC from current majority owner Tenet Healthcare Corporation following an announcement of the deal’s termination.

Key Points: 
  • The FTC and the State of California moved to dismiss their case challenging John Muir Health’s proposed deal to acquire sole ownership of San Ramon Regional Medical Center, LLC from current majority owner Tenet Healthcare Corporation following an announcement of the deal’s termination.
  • John Muir’s anticompetitive hospital takeover would have driven up health care costs for critical services like heart surgery, spinal surgery, and maternity care.
  • Now that this transaction is terminated, John Muir and Tenet’s San Ramon Regional Medical Center can continue competing head-to-head to offer high-quality care at the best prices for Californians in the I-680 corridor.
  • On December 15, 2023, John Muir announced it would terminate its proposed deal to acquire Tenet’s remaining interest in San Ramon Medical Center.

FTC Obtains Orders Halting Mobile Cramming Scheme

Retrieved on: 
수요일, 1월 3, 2024
Federal Trade Commission, Sprint, AT&T, MDK, Verizon Communications, Blog, Consumer protection, Consumer, News, LLC, FTC, T-Mobile, Social media, Commission, District court

The Federal Trade Commission has obtained orders with the four remaining individual defendants and their affiliated companies in a mobile cramming scheme that the agency says bilked consumers out of more than $100 million through bogus charges added to their mobile phone bills.

Key Points: 
  • The Federal Trade Commission has obtained orders with the four remaining individual defendants and their affiliated companies in a mobile cramming scheme that the agency says bilked consumers out of more than $100 million through bogus charges added to their mobile phone bills.
  • The defendants then placed monthly subscription fees for a variety of “services” on consumers’ mobile phone bills without their authorization—a practice known as mobile cramming.
  • The mobile carriers discontinued such third-party billing practices following the actions by the FTC and other state and federal agencies to crack down on cramming.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.