FTC Settles $108M Lawsuit With Countrywide Mortgage Loan Services

WASHINGTON, D.C. - (Mealey's) In what the Federal Trade Commission is calling one of the "largest judgments imposed in an FTC case, and the largest mortgage servicing case," two Countrywide mortgage servicing companies will pay $108 million to settle charges filed by the FTC alleging that...

Intel, FTC In Talks To Settle Antitrust Case

SANTA CLARA, Calif. - (AP) Intel Corp. is in talks with the Federal Trade Commission over settling an antitrust case against the chip maker. In December, the FTC filed charges against Intel, seeking to end what it described as decades of illegal sales tactics that have hampered competitors and kept prices...

Intel To Change Practices In FTC Settlement

SAN FRANCISCO - (AP) Intel has agreed to change some of its practices to settl e a federal antitrust lawsuit alleging a decade of abuse. The changes mandated in the settlement with the Federal Trade Commission represent the deepest penalties yet to the way Intel Corp. does business. There was no fine...

FTC Sues Arizona Company Over Acai Pill Free Trials

CHICAGO - (AP) Dreams of rapid weight loss and fake celebrity endorsements from Oprah Winfrey and Rachael Ray lured customers into providing their credit or debit card numbers as they signed up online for a "free trial" of acai berry pills. Instead, month after month, consumers got shipments...

Supreme Court To Hear Violent Video Game Case

LONG BEACH, Calif. - (AP) Before picking up any Wii games or downloading apps on her iPhone for her two daughters, Lillian Quintero does her homework. She'll first read reviews online and in magazines, then try them out for herself. If she thinks the games are engaging and educational enough. . ...

Tobacco Lawsuit Cites Long-Ago Cigarette Giveaways

BOSTON - (AP) Marie Evans recalled she was 9 years old when she first started getting free cigarettes in the Boston housing project where she lived. At first, she traded them for candy, but she said she started smoking them herself at age 13. Four decades later, Evans died of lung cancer. Full version...

Illinois High Court Won't Block Reopening Of $10.1 Billion Light Cigarette Case

SPRINGFIELD, Ill. - (Mealey's) The Illinois Supreme Court on Sept. 28 declined to hear Philip Morris Inc.'s appeal of an intermediate appeals court ruling that reopens a case that resulted in a $10.1 billion verdict against the tobacco giant for claims that its "light" cigarettes were...

FTC Rules Get E-Discovery Makeover This Month

When really broad neckties went out of style, one solution might have been to take a pair of scissors to them and snip them to a modern-day width. Smarter guys might simply have taken them to a tailor. Others might have made them into kites. But most guys simply purchased new ties, kept wearing the fat...

High Court Hears Arguments On State-Action Doctrine In Hospital Merger Case

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Nov. 26 heard oral arguments regarding whether the state-action doctrine applied to immunize a merger between two Georgia hospitals from the Federal Trade Commission's challenge that the transaction substantially lessened competition or...

High Court Will Consider Whether Reverse-Payment Settlements Are Anti-Competitive

WASHINGTON, D.C. — (Mealey's) The Supreme Court on Dec. 7 granted the Federal Trade Commission’s petition for a writ of certiorari seeking consideration of whether reverse-payment settlements of patent litigation between the holder of a drug patent and generic manufacturers of the drug...

Supreme Court Says Hospital Merger Not Immune From Antitrust Scrutiny

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Feb. 19 ruled that the state-action doctrine does not immunize the merger between two Georgia hospitals from the Federal Trade Commission's challenge that the transaction substantially lessened competition in the market for hospital services...

Reverse-Payment Settlements Presumptively Anticompetitive, FTC Tells High Court

WASHINGTON, D.C. - (Mealey's) The Federal Trade Commission told the U.S. Supreme Court in oral arguments March 25 that the court should treat reverse-payment settlements of patent litigation between the holder of a drug patent and potential generic manufacturers of the drug as presumptively invalid...

High Court: Reverse-Payment Settlements Are Not Immune From Antitrust Scrutiny

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on June 17 ruled 5-3 that reverse-payment settlements of patent litigation between the holder of a drug patent and potential generic manufacturers of the drug are not necessarily immunized from an antitrust challenge, even if the anti-competitive...

Illinois Appeals Court Reinstates $10 Billion ‘Light’ Cigarettes Verdict

MOUNT VERNON, Ill. — (Mealey’s) A $10.1 billion consumer fraud verdict stemming from Philip Morris USA Inc.’s marketing of “light” cigarettes was reinstated April 29 by Illinois' Fifth District Appellate Court ( Sharon Price, et al. v. Philip Morris Inc. , No. 5-13-0017...

Norton Rose Fulbright: Recent Jeans Case Confirms Harsher ‘Made In USA’ Standards Exist In California

By Lauren Shoor A California federal district court judge recently provided some clarity on the apparent disparity between California’s “Made in the USA” law and the standard set forth by the Federal Trade Commission. The Southern District Court of California’s recent decision...