FTC

Court Enters $20.3 Million Judgment in FTC Case Against Merchant Cash Advance Operator Jonathan Braun for Deceiving Small Businesses and Unlawfully Seizing Assets

Retrieved on: 
Wednesday, February 14, 2024

As a result of a Federal Trade Commission lawsuit, a federal court has entered a judgment requiring merchant cash advance operator Jonathan Braun to pay $20.3 million in monetary relief and civil penalties.

Key Points: 
  • As a result of a Federal Trade Commission lawsuit, a federal court has entered a judgment requiring merchant cash advance operator Jonathan Braun to pay $20.3 million in monetary relief and civil penalties.
  • The court entered a judgment of $3,421,067 to redress the harm that Braun’s misconduct caused to small businesses.
  • The injunction included a permanent ban from the merchant cash advance and debt collection industries.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

FTC to Host Virtual Workshop on Private Equity in Health Care

Retrieved on: 
Wednesday, February 14, 2024

The Federal Trade Commission will host a virtual workshop, Private Capital, Public Impact: An FTC Workshop on Private Equity in Health Care, on March 5, 2024, to examine the role of private equity investment in health care markets.

Key Points: 
  • The Federal Trade Commission will host a virtual workshop, Private Capital, Public Impact: An FTC Workshop on Private Equity in Health Care, on March 5, 2024, to examine the role of private equity investment in health care markets.
  • The workshop will bring together government officials, academics, economists, practitioners, and members of the public to discuss private equity’s impact in health care.
  • The workshop will examine the growing concerns in this area and what the federal government is doing to address any harmful effects.
  • FTC Chair Lina M. Khan and Commissioners Rebecca Kelly Slaughter and Alvaro Bedoya will provide remarks at the workshop.

FTC to Host Virtual Workshop on Private Equity in Health Care

Retrieved on: 
Wednesday, February 14, 2024

The Federal Trade Commission will host a virtual workshop, Private Capital, Public Impact: An FTC Workshop on Private Equity in Health Care, on March 5, 2024, to examine the role of private equity investment in health care markets.

Key Points: 
  • The Federal Trade Commission will host a virtual workshop, Private Capital, Public Impact: An FTC Workshop on Private Equity in Health Care, on March 5, 2024, to examine the role of private equity investment in health care markets.
  • The workshop will bring together government officials, academics, economists, practitioners, and members of the public to discuss private equity’s impact in health care.
  • The workshop will examine the growing concerns in this area and what the federal government is doing to address any harmful effects.
  • FTC Chair Lina M. Khan and Commissioners Rebecca Kelly Slaughter and Alvaro Bedoya will provide remarks at the workshop.

FTC, HHS Seek Public Comment on Generic Drug Shortages and Competition Amongst Powerful Middlemen

Retrieved on: 
Wednesday, February 14, 2024

In the Request for Information (RFI), the FTC and HHS are seeking public comment regarding market concentration among large health care GPOs and drug wholesalers, as well as information detailing their contracting practices.

Key Points: 
  • In the Request for Information (RFI), the FTC and HHS are seeking public comment regarding market concentration among large health care GPOs and drug wholesalers, as well as information detailing their contracting practices.
  • The joint RFI is asking these questions to help uncover the root causes and potential solutions to drug shortages.
  • “Our inquiry requests information on the factors driving these shortages and scrutinizes the practices of opaque drug middlemen.
  • - Whether and to what extent concentration among GPOs and drug wholesalers has disincentivized suppliers from competing in generic drug markets.

Court Enters $20.3 Million Judgment in FTC Case Against Merchant Cash Advance Operator Jonathan Braun for Deceiving Small Businesses and Unlawfully Seizing Assets

Retrieved on: 
Wednesday, February 14, 2024

As a result of a Federal Trade Commission lawsuit, a federal court has entered a judgment requiring merchant cash advance operator Jonathan Braun to pay $20.3 million in monetary relief and civil penalties.

Key Points: 
  • As a result of a Federal Trade Commission lawsuit, a federal court has entered a judgment requiring merchant cash advance operator Jonathan Braun to pay $20.3 million in monetary relief and civil penalties.
  • The court entered a judgment of $3,421,067 to redress the harm that Braun’s misconduct caused to small businesses.
  • The injunction included a permanent ban from the merchant cash advance and debt collection industries.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

NCLA Amicus Brief Calls on en Banc Fifth Circuit to Rein in CPSC’s Unaccountable Power Structure

Retrieved on: 
Wednesday, February 14, 2024

The en banc Fifth Circuit should end this glaring arrogation of the executive power that Article II of the Constitution vests solely in the President.

Key Points: 
  • The en banc Fifth Circuit should end this glaring arrogation of the executive power that Article II of the Constitution vests solely in the President.
  • It is noteworthy that neither the CPSC itself nor the Fifth Circuit panel majority disputes that conclusion.
  • The Fifth Circuit, sitting en banc, should likewise closely follow Humphrey’s Executor and determine that CPSC’s structure and actions are unlawful.
  • NCLA urges the en banc Fifth Circuit to both follow Humphrey’s (to the letter) and to encourage that precedent’s downfall.

LOKKER Launches First Feature to Notify Companies When Their Websites Are at Risk of Violating Privacy Laws

Retrieved on: 
Wednesday, February 14, 2024

REDWOOD CITY, Calif., Feb. 14, 2024 /PRNewswire/ -- LOKKER, provider of online data privacy and compliance solutions for enterprises, introduces a new feature included in its Privacy Edge™ software suite. LOKKER now gives companies a solution to monitor and remediate potential web privacy and compliance violations such as HIPAA, the Video Privacy Protection Act (VPPA) and state wiretapping laws across their portfolio of websites. 

Key Points: 
  • REDWOOD CITY, Calif., Feb. 14, 2024 /PRNewswire/ -- LOKKER , provider of online data privacy and compliance solutions for enterprises, introduces a new feature included in its Privacy Edge™ software suite .
  • LOKKER now gives companies a solution to monitor and remediate potential web privacy and compliance violations such as HIPAA, the Video Privacy Protection Act (VPPA) and state wiretapping laws across their portfolio of websites.
  • Companies can expect a continued increase in litigation pertaining to CCPA, VPPA, HIPAA and wiretapping laws.
  • To address this widespread issue, LOKKER has introduced this new feature to help legal, marketing and IT teams identify privacy risks from unauthorized data collection.

Campbell and Sovos Brands Certify Substantial Compliance with Second Request from FTC; Begins the Start of 30-Day Waiting Period

Retrieved on: 
Tuesday, February 13, 2024

CAMDEN, N.J. and LOUISVILLE, Colo., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (NASDAQ: SOVO) today announced that both companies have certified substantial compliance with the Request for Additional Information and Documentary Materials ("Second Request") issued by the Federal Trade Commission (FTC) regarding Campbell’s proposed acquisition of Sovos Brands.

Key Points: 
  • CAMDEN, N.J. and LOUISVILLE, Colo., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (NASDAQ: SOVO) today announced that both companies have certified substantial compliance with the Request for Additional Information and Documentary Materials ("Second Request") issued by the Federal Trade Commission (FTC) regarding Campbell’s proposed acquisition of Sovos Brands.
  • The certification of substantial compliance triggers the start of a 30-day waiting period which is expected to expire on March 11, 2024, after which the sale can be finalized.
  • Subject to the satisfaction or waiver of customary closing conditions, the companies expect to complete the transaction within days of the March 11, 2024 expiration date.
  • “We’re excited to be one step closer to completing the acquisition and welcoming the talented Sovos Brands employees to Campbell’s team,” said Campbell’s President and CEO Mark Clouse.

Campbell and Sovos Brands Certify Substantial Compliance with Second Request from FTC; Begins the Start of 30-Day Waiting Period

Retrieved on: 
Tuesday, February 13, 2024

Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (NASDAQ: SOVO) today announced that both companies have certified substantial compliance with the Request for Additional Information and Documentary Materials ("Second Request") issued by the Federal Trade Commission (FTC) regarding Campbell’s proposed acquisition of Sovos Brands.

Key Points: 
  • Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (NASDAQ: SOVO) today announced that both companies have certified substantial compliance with the Request for Additional Information and Documentary Materials ("Second Request") issued by the Federal Trade Commission (FTC) regarding Campbell’s proposed acquisition of Sovos Brands.
  • View the full release here: https://www.businesswire.com/news/home/20240213296929/en/
    The certification of substantial compliance triggers the start of a 30-day waiting period which is expected to expire on March 11, 2024, after which the sale can be finalized.
  • Subject to the satisfaction or waiver of customary closing conditions, the companies expect to complete the transaction within days of the March 11, 2024 expiration date.
  • “We’re excited to be one step closer to completing the acquisition and welcoming the talented Sovos Brands employees to Campbell’s team,” said Campbell’s President and CEO Mark Clouse.

Read these 2023 FTC best sellers to be a better seller in 2024

Retrieved on: 
Tuesday, February 13, 2024

Read these 2023 FTC best sellers to be a better seller in 2024 Technically we can’t categorize these notable FTC staff publications of 2023 as “best sellers” because they’re available at no charge.

Key Points: 

Read these 2023 FTC best sellers to be a better seller in 2024

  • Technically we can’t categorize these notable FTC staff publications of 2023 as “best sellers” because they’re available at no charge.
  • To count yourself among the better sellers of 2024, consider guidance from these titles published or updated in 2023.
  • It’s the responsibility of the business to provide that notice clearly and to honor consumers’ choices within 10 business days.
  • Before the Rule’s July 30, 2024, effective date, read the new compliance guide to learn more about what the CARS Rule means for dealers and prospective car buyers.
  • Informing Businesses about the INFORM Consumers Act and What Third Party Sellers Need to Know About the INFORM Consumers Act.
  • But if you’re looking for an introduction to what the new law means for your business, these two FTC publications are a good place to start.
  • Another important observation: For younger kids in particular, disclosures are unlikely to be effective.
  • The tactics of crooks who target small businesses morph with the marketplace.
  • That’s why the FTC has published this guide for businesses in English, Spanish, Simplified Chinese, Korean, and Vietnamese. (Also check out ftc.gov/languages for new consumer resources in multiple languages.)
  • 2023 has been an important year in health privacy and this revised FTC-HHS guide has advice to help your company comply with the law.
  • Franchise Fundamentals blog series.
  • If you’re thinking about buying a franchise, don’t make a move without considering the advice in the FTC’s five-part Franchise Fundamentals series.
  • June 2023 was a trifecta for businesses that use endorsements in their marketing.