The Bottom Line The SEC has issued repeated warnings that it will aggressively enforce Section 17(b) of the Securities Act against influencers who fail to disclose the nature, scope and amount of compensation received in exchange for their sponsored posts.This case serves as a reminder that Continue Reading
The Wall Street Journal | Bank of America to Pay $1.84 Billion to Settle Last Major Mortgage-Crisis Suit
Joseph Cioffi was quoted in The Wall Street Journal "Bank of America to Pay $1.84 Billion to Settle Last Major Mortgage-Crisis Suit." Continue Reading
AdExchanger | Do Huge FTC Fines Signal a Huge Increase in Enforcement?
Amazon, FTC Withdraw Appeal of Decision Holding Amazon Liable for Billing Parents for Children’s Unauthorized In-App Charges
The Bottom Line The district court's decision, no longer subject to appeal, is a clear statement that the unauthorized billing of parents for in-app purchases made by their children without informed parental consent violates the FTC Act. This case serves as a reminder that companies need to ensure Continue Reading
Staples Settles Consumer Class Action Over Deceptive Rewards Program Practices
The Bottom Line This action and settlement serve as a good reminder to companies and retailers to establish robust terms that clearly describe the manner in which members will receive rewards in return for specific actions, and to ensure that all advertising claims and representations align with Continue Reading