FTC Investigating GM for Misrepresenting Used Vehicles as Certified Pre-Owned
General Motors Co. (GM) is being investigated by the U.S. Federal Trade Commission for allegedly advertising for sale vehicles needing recall repairs. According to GM’s Certified Pre-owned vehicles...
View ArticleNationwide Class Action Lawsuit Accuses Banks of Conspiring to Manipulate...
A class action lawsuit was filed in federal court on behalf of investors who purchased U.S. Treasury securities from 2007 to 2012 against 22 financial firms that functioned as primary dealers in the...
View ArticleSchneiderman Investigates Apple for Allegedly Manipulating Music Streaming...
New York Attorney General (NYAG) Eric Schneiderman issued subpoenas to music streaming services and record labels including Sony, Warner Music and Universal Music in connection with his office’s...
View ArticleRegulators Investigate Citibank Student Loan Servicing Practices
In its Q2 2015 financial statements filed on August 3rd, Citibank disclosed that it was being investigated by regulators for certain student loan servicing practices. Citibank stated that it was...
View ArticleEPA Mine Investigation Causes Water Contamination in Colorado
An Environmental Protection Agency investigation involving excavation of loose material in the Gold King Mine unexpectedly resulted in the discharge of more than 3 million gallons of contaminated...
View ArticleTelexFREE Pyramid Scheme Victims Receive $3.5M Fund
In April 2014, the Massachusetts Securities Division accused TelexFREE of operating a $1.1 billion Ponzi investment scheme which enticed individuals to invest in a business purportedly based on a Voice...
View ArticleFTC Settles False Advertising Claims Charges with Sellers of UV...
The Federal Trade Commission (FTC) agreed to settle charges with marketers of ultraviolet light “disinfectant” devices over alleged false claims that their devices can eradicate shoe odor and hazardous...
View ArticleFDA Prohibits Hampton Creek from Calling its Product “Mayonnaise”
The U.S. Food and Drug Administration (FDA) determined that Hampton Creek Foods, Inc. violated section 403 of the Federal Food, Drug, and Cosmetic Act (the Act) [21 U.S.C. § 343] by misbranding their...
View ArticleHackers Target PR Firms in $100M Insider Trading Scheme
A global team of stock traders and Ukrainian computer hackers allegedly stole publicly traded company press releases from Marketwired, PR Newswire and Business Wire and traded on the relevant...
View ArticleTrader Joe Accused of Cheating Consumers On Tuna
In a consumer class action lawsuit filed in federal court in New York, consumers accuse the popular retailer of putting less tuna in its cans than it says on the label. According to the suit, Trader...
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