Federal Trade Commission

FTC Sends Refunds to Former AT&T Wireless Customers Who Were Subject to Data Throttling

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Friday, April 12, 2024

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The latest refunds are going to consumers who had not yet received a refund and filed a valid claim with the FTC.

Key Points:

The latest refunds are going to consumers who had not yet received a refund and filed a valid claim with the FTC.
The Commission’s interactive dashboards for refund data provide a state-by-state breakdown of refunds in FTC cases.
In 2023, FTC actions led to $324 million in refunds to consumers across the country.
Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

EU-US Hold Fourth Joint Technology Competition Policy Dialogue

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Friday, April 12, 2024

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Today, Federal Trade Commission Chair Lina Khan, the Justice Department’s Antitrust Division (DOJ) Assistant Attorney General Jonathan Kanter, and European Commission Executive Vice-President Margrethe Vestager met in Washington for the fourth meeting of the EU-US Joint Technology Competition Policy Dialogue (TCPD) to continue work on cooperation in ensuring and promoting fair competition in the digital economy.

Key Points:

Today, Federal Trade Commission Chair Lina Khan, the Justice Department’s Antitrust Division (DOJ) Assistant Attorney General Jonathan Kanter, and European Commission Executive Vice-President Margrethe Vestager met in Washington for the fourth meeting of the EU-US Joint Technology Competition Policy Dialogue (TCPD) to continue work on cooperation in ensuring and promoting fair competition in the digital economy.
The fast-moving technology sector raises global challenges such as regarding artificial intelligence and cloud computing more broadly.
The three authorities have agreed on the importance of continuing their close collaboration in the framework of the TCPD to ensure fair competition in the technology sector.
The Federal Trade Commission works with counterpart agencies to promote sound antitrust, consumer protection, and data privacy enforcement and policy.

FTC Sends $1.2 Million in Refunds to Consumers Harmed by Deceptive Investment Claims

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Friday, April 12, 2024

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The Federal Trade Commission is sending $1.2 million in refunds to consumers who paid for the advice of supposed experts based on deceptive claims of substantial investment profits.

Key Points:

The Federal Trade Commission is sending $1.2 million in refunds to consumers who paid for the advice of supposed experts based on deceptive claims of substantial investment profits.
Indeed, many consumers lost substantial amounts of money in attempting to follow the services’ advice.
The settlement also prohibits them from making any claims about earnings without having written evidence to back those claims up.
In 2023, FTC actions led to $324 million in refunds to consumers across the country.

FTC Issues Report to Congress on Collaboration with State Attorneys General

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Friday, April 12, 2024

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The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.

Key Points:

The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.
The report, directed by the FTC Collaboration Act of 2021, “Working Together to Protect Consumers: A Study and Recommendations on FTC Collaboration with the State Attorneys General” makes legislative recommendations that would enhance these efforts, including reinstating the Commission’s authority to seek money for defrauded consumers and providing it with the independent authority to seek civil penalties.
The report is divided into three sections: 1) The FTC’s Existing Collaborative Efforts with State Attorneys General to Prevent, Publicize, and Penalize Frauds and Scams; 2) Recommended Best Practices to Enhance Collaboration; and 3) Legislative Recommendations to Enhance Collaboration Efforts.
Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

How “location, location, location” can lead to “enforcement, enforcement, enforcement”

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Friday, April 12, 2024

How “location, location, location” can lead to “enforcement, enforcement, enforcement”

Key Points:

How “location, location, location” can lead to “enforcement, enforcement, enforcement”

Alcohol Addiction Treatment Firm will be Banned from Disclosing Health Data for Advertising to Settle FTC Charges that It Shared Data Without Consent

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Friday, April 12, 2024

The Federal Trade Commission has taken action against an alcohol addiction treatment service for allegedly disclosing users’ personal health data to third-party advertising platforms, including Meta and Google, for advertising without consumer consent, after promising to keep such information confidential.

Key Points:

The Federal Trade Commission has taken action against an alcohol addiction treatment service for allegedly disclosing users’ personal health data to third-party advertising platforms, including Meta and Google, for advertising without consumer consent, after promising to keep such information confidential.
As part of a proposed order settling the FTC allegations, New York-based Monument, Inc. will be banned from disclosing health information for advertising and must obtain users’ affirmative consent before sharing health information with third parties for any other purpose.
“This action continues the FTC’s work to ensure strict limits on how firms handle sensitive health data, rather than putting the onus on consumers to protect themselves,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.
Monument used these pixels and APIs to track “standard” and “custom events,” meaning instances in which consumers interacted with Monument’s website.
If the company is found to have misrepresented its finances, it will be required to pay the full amount.

The Commission voted 3-0 to refer the complaint and stipulated final order to the Department of Justice for filing.
The DOJ filed the complaint and stipulated order in the U.S. District Court for the District of Columbia.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iRobot Corporation (IRBT)

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Thursday, April 4, 2024

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Then, on January 10, 2024, it was reported that Amazon did not offer concessions to the EC regarding concerns about the Merger.

Key Points:

Then, on January 10, 2024, it was reported that Amazon did not offer concessions to the EC regarding concerns about the Merger.
On this news, iRobot’s stock price fell $7.33, or 19.8%, to close at $29.75 per share on January 10, 2024.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
Glancy Prongay & Murray LLP, Los Angeles

XPONENTIAL FITNESS, INC. (NYSE: XPOF) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Xponential Fitness, Inc.

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Monday, April 1, 2024

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If you purchased or acquired Xponential Class A common stock, and/or would like to discuss your legal rights and options please visit Xponential Fitness, Inc.

Key Points:

If you purchased or acquired Xponential Class A common stock, and/or would like to discuss your legal rights and options please visit Xponential Fitness, Inc.
If you wish to serve as lead plaintiff, you must move the Court no later than April 9, 2024.
A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iRobot Corporation (IRBT)

Retrieved on:

Friday, March 29, 2024

Then, on January 10, 2024, it was reported that Amazon did not offer concessions to the EC regarding concerns about the Merger.

Key Points:

Then, on January 10, 2024, it was reported that Amazon did not offer concessions to the EC regarding concerns about the Merger.
On this news, iRobot’s stock price fell $7.33, or 19.8%, to close at $29.75 per share on January 10, 2024.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
Glancy Prongay & Murray LLP, Los Angeles

New ClearSale Report Illustrates the Staggering Impact of False Declines

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Tuesday, April 9, 2024

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Global risk technology solution provider, ClearSale ( www.clear.sale ), has released a comprehensive new report that sheds light on the prevalence and consequences of false positives, commonly known as false declines.

Key Points:

Global risk technology solution provider, ClearSale ( www.clear.sale ), has released a comprehensive new report that sheds light on the prevalence and consequences of false positives, commonly known as false declines.
The highly anticipated report, Ecommerce False Declines & Consumer Behavior, takes a deep dive into the economy of false declines, uncovering their detrimental effects on both the customer journey and a retailer’s bottom line.
Widespread false declines are an issue: In 2022, 25% of respondents experienced false declines, with 36% encountering multiple instances.
False declines are impacting retailers' revenue: Alarmingly, 65% of false declines were later validated as legitimate transactions, resulting in significant revenue loss.