United States v. Google Inc.

• Flexsteel Industries, Inc. (NASDAQ:FLXS), announced its Board of Directors declared a quarterly dividend of $0.15 per share, payable March 29, 2021 to shareholders of record as of March 17, 2021.
• The dividend increased 50% compared to the prior quarter of $.10 per share.
• Flexsteel Industries, Inc. and Subsidiaries (the Company) is one of the largest manufacturers, importers and online marketers of furniture products in the United States.
• A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name Flexsteel is derived.

• The proposed order requires CMS and Wilson to pay $1.5 million to the FTC for use in providing refunds to harmed consumers.
• The Commission vote authorizing the staff to file the complaint and proposed stipulated final order was 5-0.
• The FTC filed the complaint and final order in the U.S. District Court for the District of Utah.
• Stipulated final orders have the force of law when approved and signed by the District Court judge.

• Retail fuel station and convenience store operatorAlimentation Couche-Tard Inc. (ACT) and its former affiliate, CrossAmerica Partners LP (CAPL), have agreed to pay a $3.5 million civil penalty to the FTC to settle allegationsthat they violated a 2018 order requiring divestitures of 10 retail fuel stations in Minnesota and Wisconsin to Commission-approved buyers no later than June 15, 2018.
• The 2018 order settled FTC charges that ACTs and CAPLs acquisition from Holiday Companies of approximately 380 retail fuel stations with attached convenience stores in 10 states was anticompetitive because it would have increased the risk of both unilateral and coordinated anticompetitive effects in 10 local retail fuel markets.
• The FTC alleges that ACT and CAPL violated the 2018 order by:

  The Commission votes to authorize the staff to file the civil penalty complaint and to approve the proposed judgment, and to issue a Commission Statement were both 5-0.The FTC filed the complaint and proposed judgment in U.S. District Court for the District of Columbia.

• Judgments have the force of law when approved and signed by the District Court judge.

<div class="field field-name-body field-type-text-with-summary field-label-hidden field-wrapper"><div class="field-items"><div property="content:encoded" class="field-item even"><p>The operator of a deceptive crowdfunding scheme will be <a href="https://www.ftc.gov/system/files/documents/cases/ibackpack_052-1_propose... permanently from engaging in crowdfunding activities as part of a settlement</a> with the Federal Trade Commission over allegations that he used contributors’ funds on himself rather than to deliver the high-tech backpack he promised.</p><p>In its <a href="https://www.ftc.gov/system/files/documents/cases/ibackpack_filed_complai..., the FTC alleged that Douglas Monahan</a>, operating through his company, iBackPack of Texas, LLC, <a href="https://www.ftc.gov/news-events/press-releases/2019/05/ftc-charges-opera... more than $800,000</a> from consumers through four crowdfunding campaigns. According to the FTC, Monahan falsely claimed the funds would be used to develop a handful of products, including an “iBackPack” that would incorporate batteries for charging laptops and phones, cables, and a Bluetooth speaker. Despite his reassurances to contributors and the crowdfunding platforms Indiegogo and Kickstarter, the FTC alleged Monahan never delivered any of the promised products and instead used the money he raised for personal expenses and marketing.</p><p>“Crowdfunding is a legitimate way to raise money for your business venture, so long as you use that money for the business and not yourself,” said Andrew Smith, Director of the FTC’s Bureau of Consumer Protection. “When companies like iBackPack misuse the money they raise, that’s when the FTC steps in.”</p><p>As part of the settlement, Monahan is permanently banned from engaging in any future crowdfunding activities and from misrepresenting his ability to deliver any good or service or the terms on which he will provide a refund. In addition, he has agreed to a judgment totaling nearly $800,000, which will be suspended due to Monahan’s inability to pay. The entire amount will be due if he is found to have misrepresented his finances.</p><p>The Commission vote approving the stipulated final order was 5-0. The FTC filed the proposed order in the U.S. District Court for the Southern District of Texas, Galveston Division. <strong>NOTE:</strong> Stipulated final orders have the force of law when approved and signed by the District Court judge.</p></div></div></div>
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