FTC Sues Cambridge Analytica

The Federal Trade Commission filed an administrative complaint against Cambridge Analytica, and filed settlements for public comment with Cambridge Analytica’s former chief executive, Alexander Nix, and an app developer, Aleksandr Kogan, who worked with the company, alleging they employed deceptive tactics to harvest personal information from an identified 30 millions US Facebook users for voter profiling and targeting. The proposed settlements with Nix and Kogan include the requirement that they delete or destroy any personal information they collected. Kogan's app called the GSRApp — sometimes referred to as the “thisisyourdigitallife” app - asked users to answer personality and other ques

Facebook Settles with Federal Regulators for over $5b

Facebook, Inc. agreed to pay a record-breaking $5 billion penalty to the FTC, and submit to new restrictions and a modified corporate structure relating to allegations that it violated a 2012 FTC order by deceiving users about their ability to control the privacy of their personal information relating to third party Cambridge Analytica. The order requires Facebook to restructure its approach to privacy from the corporate board-level down, and will hold Facebook executives accountable for the decisions they make about privacy. In a related action brought by the SEC, Facebook agreed to pay $100 million to settle charges that it made misleading disclosures regarding the risk of misuse of Facebo

Whistleblower Awarded $500k by SEC

The Securities and Exchange Commission (SEC) rewarded an overseas whistleblower half-million dollars for expeditious reporting that helped the SEC bring a successful enforcement action. Since its inception in 2012, the SEC's whistleblower program has resulted in more than $2 billion in monetary sanctions ordered against wrongdoers and award of approximately $385 million to 65 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. Andersen Sleater Sianni represents whistleblowers before the SEC and in their own lawsuits

FDA Sends Official Warnings that Sell CBD Products with Unsubstantiated Claims

The U.S. Food and Drug Administration (FDA) sent a warning letter to Curaleaf Inc., for illegally selling unapproved products containing cannabidiol (CBD) online with unsubstantiated claims that the products treat cancer, Alzheimer’s disease, opioid withdrawal, pain and pet anxiety, among other conditions or diseases. The FDA has also sent warning letters to other companies. The FDA reiterated its monitoring of the marketplace by taking action as needed against companies that deceive consumers and put them at risk by illegally selling products marketed for therapeutic uses for which they are not approved. Andersen Sleater Sianni attorneys represent consumers who have purchased products that

Equifax Agrees to $575M Settlement Over Data Breach

Following the massive data breach of Equifax that impacted an estimated 147 million people, Equifax has agreed to pay $575 million settlement of class action, state attorney general and federal regulators' claims against it. $425 million will be used to compensate those effected by the breach including providing up to 10 years of free credit monitoring or $125 cash payment; reimbursement for up to $20,00 for your time and expenses in protecting your identity or recovering from identity theft, up to 20 hours at $25 per hour; and free identity restoration services for at least 7 years that you can use if someone steals your identity or you experience fraud. Andersen Sleater Sianni attorneys r

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