ASUS Charged with Putting Home Router and "Cloud" Services at Risk
ASUSTeK Computer, Inc. agreed to settle Federal Trade Commission charges that its routers and "cloud" services had security flaws that put at risk and compromised thousands of consumers’ connected storage devices with their personal information. ASUS will now be required to maintain a comprehensive security program subject to independent audits for the next 20 years. Click here to read more.
Maple Syrup Producers Ask FDA to Crack Down on False Labeling
Maple Syrup producers groups send the FDA a letter asking it to require products using the lable "maple syrup" to either contain it or remove the label. They complain that many consumers are deceived into purchasing products that don't actually contain maple syrup and it hurts real maple syrup producers. Click here to read more.
American Airlines Sues Wifi provider
In order to get out of its contract with wifi provider, Gogo, American Airlines is invoking a provision in its contract that when American provided Gogo with a competitor's better offer that it had a chance to provide its counter offer but failed to do so. American is now suing Gogo. Click here to read more.
FTC Shuts Down Tech Support Scam
A group of defendants, including Amit Mehta; Boost Software Inc.; Success Capital, LLC and Elliot Loewenstern; and Jon Paul Holdings, LLC and Jon-Paul Vasta, involved in a tech support scam that used high-pressure sales tactics to convince consumers that their computers required tech support products agreed to settle with the Federal Trade Commission and the State of Florida. As part of the settlement the defendants are barred from any future misconduct and must surrender all
Weight-Loss Pill Promoters Barred from Deceptive Conduct and Ordered to Refund $10m
Weight-loss Pill marketer, Sale Slash, agreed to settle FTC charges by refunding $10m to consumers and to stop using spam emails and fake news websites with phony celebrity endorsements and unsupported efficacy claims to promote its supposed weight-loss products. Click here to read more.
Monsanto Pays $80m Penalty
Monsanto Company agreed to pay an $80 million penalty and retain an independent compliance consultant to settle SEC charges that it violated accounting rules and misstated company earnings relating to Roundup. An SEC investigation found that Monsanto materially misstated its consolidated earnings in public filings over three years because it did not have sufficient internal accounting controls to properly account for millions of dollars in rebates offered to retailers and di
FTC Charges Glue Company for Making Misleading "Made in USA" Claims
The Federal Trade Commission charged Chemence, Inc. for allegedly deceiving consumers by making Made in USA claims that all or virtually all of their strong, fast-acting glues such as Kwik Frame, Kwik Fix, and Krylex are made in the USA when they are produced with a significant amount of imported chemicals. Click here to read more.
Barclays and Credit Suisse Settle Dark Pool Violations
Barclays Capital Inc. and Credit Suisse Securities (USA) LLC agreed to pay $70 million and $84.3 million respectively to settle charges brought by the Securities and Exchange Commission and New York Attorney General's office involving violations of federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse’s Light Pool. Click here to read more.
FDA Sends Warning Letters to Seafood Processors and Dairy Farms
The FDA issued its first warning letters of the 2016 to four seafood processors without compliant seafood Hazard Analysis and Critical Control Point plans and dairy farms in Ohio and Arizona that sold animals that had illegal drug residues. Click here to read more.