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Showing posts with the label FTC | Enforcement Actions

FTC | Enforcement Actions - Final Order - June 20, 2014: FTC Approves Final Order Settling Charges That Akorn Enterprises’ Acquisition of Hi-Tech Pharmacal Was Anticompetitive

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FTC Approves Final Order Settling Charges That Akorn Enterprises’ Acquisition of Hi-Tech Pharmacal Was Anticompetitive Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Akorn Enterprises’ $640 million acquisition of Hi-Tech Pharmacal, Inc. was anticompetitive and would lead to higher prices for consumers in several current and future generic drug markets. According to the  FTC’s complaint, originally announced in April 2014 , the acquisition as proposed would reduce competition in the markets for four generic medications, including eye drops and topical anesthetics, and would reduce future competition in the market for a generic ointment prescribed to treat bacterial eye infections. The  final order settling the FTC’s charges  requires the parties to sell either Akorn’s or Hi-Tech’s rights and assets to each of the five drug products to Watson Laboratories, Inc., and required Akorn to assign Watson its contra

FTC | Enforcement Actions March 13, 2014: At FTC’s Request, Court Halts Debt Collector’s Allegedly Deceptive and Abusive Practices, Freezes Assets

At FTC’s Request, Court Halts Debt Collector’s Allegedly Deceptive and Abusive Practices, Freezes Assets Defendants Behind Buffalo, New York-based Operation Misrepresented They Were with the Government and Threatened Consumers with Arrest and Other Legal Action At the request of the Federal Trade Commission, a  U.S. district court halted a debt collection operation  that the agency charged with  violating the Federal Trade Commission Act and the Fair Debt Collection Act  by misrepresenting that they were with the government, falsely accusing consumers of committing check fraud, and then threatening consumers with arrest. The court order stops the illegal conduct, freezes the operation’s assets, and appoints a temporary receiver to take over the defendants’ business, pending a hearing scheduled for March 17. “These debt collectors took deception to new lows,” said Jessica Rich, director of the FTC’s Bureau of Consumer Protection. “They bullied consumers, falsely accused them of

FTC | Enforcement Actions December 11, 2013:FTC Approves Final Order Settling Charges that Actavis, Inc.’s Acquisition of Warner Chilcott plc Would Be Anticompetitive in Four Current and Future Drug Markets.

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FTC Approves Final Order Settling Charges that Actavis, Inc.’s Acquisition of Warner Chilcott plc Would Be Anticompetitive in Four Current and Future Drug Markets Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Actavis, Inc’s proposed acquisition of Warner Chilcott plc would reduce competition in the U.S. markets for four current and future pharmaceuticals. They are: Generic Femcon FE , a chewable oral contraceptive tablet that contains progestin and estrogen; Loestrin 24 FE  and its generic equivalents, which are low-dose progestin/estrogen combination oral contraceptives; Lo Loestrin FE  and its generic equivalents, which are also progestin/estrogen combination oral contraceptives; and Atelvia  and its generic equivalents, which are delayed-release tablets used to treat post-menopausal osteoporosis. Under the  FTC’s order , first announced in September, Actavis will sell all rights and assets to the t

FTC | Enforcement Actions November 26, 2013: FTC Settlement Bars Marketers from Using Deception to Sell Business Opportunities.

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FTC Settlement Bars Marketers from Using Deception to Sell Business Opportunities The operators of a scheme to market a government insurance refund processing business are permanently prohibited from deceptive sales practices under a settlement with the Federal Trade Commission. The case is one of the first actions the FTC brought under its updated  Business Opportunity Rule , which requires business opportunity sellers to provide specific information on a simple, one-page disclosure form to help consumers evaluate a business opportunity. In November 2012, the FTC  charged Smart Tools LLC and Kirstin Hegg with deceptively selling a home-based business opportunity  that promised buyers they could earn up to $38,943 per year as “Government Insurance Refund Processors” – by finding persons eligible for refunds of their mortgage loan insurance premiums and charging a fee for telling them how to get the refunds. Consumers incurred a recurring monthly charge of $29.99 (after a fre

FTC | Enforcement Actions September 17, 2013: Text Spammers Settle FTC Charges They Illegally Sent Consumers Bogus Offers for "Free" Gift Cards

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Text Spammers Settle FTC Charges They Illegally Sent Consumers Bogus Offers for "Free" Gift Cards An affiliate marketing company and its two principals have agreed to settle Federal Trade Commission charges for allegedly sending out more than 42.5 million unwanted and deceptive text messages to consumers. The case is part of the FTC’s continuing crackdown on spam text messages and the settlement prohibits the defendants from sending unwanted texts to consumers, and from misleading consumers about whether they have won gifts or prizes and whether a product is “free” or without cost or obligation. “FTC action in cases like this one have dramatically reduced the amount of illegal text message spam, especially as it relates to bogus gift card offers” said FTC Midwest Region Director C. Steven Baker. “Not only are spam texts annoying and illegal, but they can also cost consumers money.” According to the FTC’s complaint, Rentbro, Inc., and its principal