CFTC Awards Whistleblower $50k

The U.S. Commodity Futures Trading Commission (CFTC) awarded $50,000 to a whistleblower who voluntarily provided key original information that led to a successful CFTC enforcement action. It's the fourth such CFTC award under its new program that provides whistleblowers, who may wish to remain anonymous and be represented by an attorney, an award between 10 to 30% of the monetary sanctions collected in connection with the CFTC's action. Andersen Sleater represents whistleblowers before government agencies. Click here to read more.

FDA Warns to Not Use Skin Products with Mercury

The U.S. Food and Drug Administration warns against using skin creams, beauty and antiseptic soaps, and lotions that contain mercury. Mercury may be in products marketed as “anti-aging” or “skin lightening” and acne treatments targeting Latino, Asian, African, or Middle Eastern communities. Mercury is often listed on labels as “mercurous chloride,” “calomel,” “mercuric,” “mercurio,” or “mercury.” Click here to read more.

Land Bondholders Take Action Against Peru to Recover Debt

A land bondholder, Gramercy Funds Management LLC, a US billion dollar investment fund, recently filed a US $1.6 billion arbitration claim against the Republic of Peru for violations of the U.S.-Peru Trade Promotion Agreement for failing to pay its defaulted bonds. Many Peruvians are also impacted by the Country's failure to pay. For several years, Gramercy's attempts to negotiate with the Peruvian government to find a solution for the Land Bond debt failed. The situation in Peru comes on the heels of the decade long litigation brought by bondholders against Argentina and the defaults impacting bondholders in Puerto Rico. Andersen Sleater represents Argentina's bondholders and is investigatin

Costco Customers Complain About Switch to Visa/Citi Cards

After ending its relationship with American Express, many Costco customers complained that they had not received the new Visa/Citibank store-branded cards, couldn't activate them or had other problems with them. Citi’s website could not remedy all the problems for Costco customers. Andersen Sleater is investigating the matter. Click here to read more.

FDA Investigates High Number of Complaints About WEN Products

The FDA announced its investigation of WEN by Chaz Dean hair products after receiving 127 adverse event reports directly from consumers including reports of hair loss from use of the products, the largest number of reports ever associated with any cosmetic hair cleansing product. It is also investigating over 21,000 complaints reported directly to Chaz Dean, Inc. and Guthy Renker, LLC. The FDA wants consumers to know of the number of complaints while it continues to look into the causes of them. Click here to read more.

McAfee Settles Auto-Renewal Action for $80m

McAfee agres to pay up to $80 million and implement policy changes to settle a class action that alleged it auto-renewed customers' subscriptions at a higher price than initially indicated and allegedly listed discounts with faulty past price references. Class members will receive $11.50. Click here to read more.

Herbalife Agrees to Settle Deceptive Practices Charges for $200m

Herbalife agreed to settle FTC charges by paying $200 million to reimburse consumers, who lost money on its nutrition supplements and will also make major changes in its sales and distribution practices including its compensation structure, which were allegedly deceiving consumers about how much money they could make selling its products. Although it did not describe the Company as a pyramid scheme, the FTC made clear that it found its practices deceptive and unfair. Click here to read more.

Warner Brothers Settles Claims that It Did Not Disclose Paid Positive Reviews

Warner Bros. Home Entertainment, Inc. agreed to settle Federal Trade Commission charges that bar it from making misrepresentations and failing to adequately disclose to viewers that reviews of its video games are objective and independent. The FTC alleged that it deceived consumers during a marketing campaign for the video game Middle Earth: Shadow of Mordor, when it did not adequately disclose that it paid online “influencers,” including the wildly popular “PewDiePie,” thousands of dollars to post positive gameplay videos on YouTube and social media. Click here to read more.

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