When two companies in the same business want to merge, a common condition placed on the merger by authorities may be that one or both companies sell part of its business so there’s still some competition in the market. It looks likely that the Federal Trade Commission will approve the proposed merger of Walgreens Rite Aid, but Walgreens may have to give up more locations before the deal goes through. [More]
Amid calls for drugmaker Mylan to drop the price of emergency allergy treatment EpiPen, the attorney general for the state of New York has launched an antitrust investigation into a program that helps to put EpiPens in schools, potentially to the detriment of competition. At the same time, U.S. lawmakers are pushing regulators for a federal antitrust probe on the program. [More]
It’s been less than a week since WhatsApp announced it would start sharing some user data with parent company Facebook, but in that short time, app users and privacy advocates alike have raised a ruckus over what they see as a broken promise. Now, some consumer privacy watchdog groups have filed a formal complaint with the FTC, asking them to look into it.
Nearly two years ago, the Federal Trade Commission sued AT&T for allegedly misleading wireless customers by charging them for “unlimited” data plans while simultaneously throttling their cellular connection speeds when they passed certain monthly thresholds. AT&T failed in 2015 to get the case dismissed in District Court, but yesterday succeeded in convincing a federal appeals court to throw out the government’s complaint. [More]
The Federal Trade Commission filed a lawsuit today against 1-800 Contacts, accusing the online lens retailer of making agreements with more than a dozen competitors to not compete with each other for online search ads, resulting in lens buyers paying higher prices. [More]
It’s been a busy week for authorities going after sham products: a day after the New York Attorney General’s office announced that six companies had agreed to stop selling products that are ineffective at warding off Zika-carrying mosquitoes, the Federal Trade Commission is reminding a slew of businesses marketing Zika-prevention products that it’s illegal to make health claims that simply aren’t true. [More]
As the proud pop of a pup, of course I want him to live as long and happy a life as possible. At the same time, I’d hope that any product claiming to be able to extend my dog’s years has the evidence to back up this boast. [More]
One of the most common complaints about debt collectors is that they harass people over debts that are either no longer owed, or weren’t owed in the first place. Federal regulators are now proposing rules that — among other protections — would cut down on these annoying, bogus collections actions by requiring that debt collectors have some sort of evidence that the person they are calling actually owes money. [More]
If you watch cable TV — especially basic cable during the daytime — you’ve likely seen your share of heartwarming ads showing off cancer survivors who were saved from the brink by the handsome physicians and nurses at [Fill In The Blank] cancer treatment center. Over the last decade, direct-to-consumer marketing by cancer centers has soared, with much of that spending concentrated in the hands of about two dozen operators. However, some doctors are concerned that these ads aren’t selling patients on the reality, but on the experiences of a few rare cases. [More]
Five months after Herbalife was reported to be working on a settlement to resolve a federal probe into its often controversial business practices – or what some people claim is a pyramid scheme – the company has agreed to restructure its business model and pay $200 million to consumers who purchased large quantities of its products and lost money. [More]
Two years after being sentenced to a decade in federal prison for repeatedly defrauding American consumers, best-selling liar Kevin Trudeau is hoping that the U.S. Supreme Court will take a different view of his case than all of the previous courts. [More]
The hack that leaked 30 million customers’ data all over the internet may be a year in the past, but things are still rough for intentional-infidelity dating site Ashley Madison, which now finds itself the target of a federal probe.
More than two years after “author,” infomercial pitchman, and professional liar Kevin Trudeau was sentenced to 10 years in prison for repeatedly making bogus weight-loss claims about his book The Weight Loss Cure “They” Don’t Want You to Know About, some of the hundreds of thousands of people conned into buying the book will be getting their money back. [More]
A federal court has issued a restraining order against a network of Florida-based robocallers who bilked more than $15.6 million from victims through the use of auto-dialed, prerecorded scam calls pitching bogus credit card rate reduction under the generic guise “Bank Card Services” or “Credit Assistance Program.” [More]
With the Zika virus spreading across tropical regions of South and North America, consumers are likely looking for ways to ensure they aren’t bitten by disease-carrying mosquitos as summer approaches. But there’s one option they should stay away from: so-called mosquito shield bands. [More]
Last year, the Federal Trade Commission sued Lunada, the makers of the supplement Amberen, alleging that the company did not have the science to back up claims that Amberen was “clinically proven” to cause substantial weight loss, and to alleviate just about every symptom associated with menopause: hot flashes, night sweats, sleep problems, fatigue, and irritability. Now Lunada has agreed to stop making these claims to settle the complaint. [More]