Today, the Federal Trade Commission announced that crude oil producers XCL Resources Holdings, LLC (XCL), Verdun Oil Company II LLC (Verdun), and EP Energy LLC (EP) will pay a record $5.6 million civil penalty to settle allegations they engaged in illegal pre-merger…
The Federal Trade Commission has issued an order approving a proposed modification from the Horseracing Integrity and Safety Authority to its Assessment Methodology Rule. The modification includes changes to the methodology the Authority uses to determine assessments to fund its programs. The Horseracing Integrity…
As a result of a Federal Trade Commission lawsuit, two defendants who helped operate a sprawling business opportunity scheme known by several names, including Blueprint to Wealth, have agreed to settlements that include lifetime bans from pitching money-making and investment opportunities. The…
As a result of a Federal Trade Commission lawsuit, the owners and operators of a sprawling credit repair operation known as Financial Education Services (FES) will end the practices that the FTC alleged created a pyramid scheme and also violated the Credit…
The Federal Trade Commission and the Department of Justice (DOJ) virtually cohosted the first public meeting of the Strike Force on Unfair and Illegal Pricing (Strike Force) to discuss Strike Force enforcement actions taken to lower prices for Americans. FTC Chair Lina…
WHAT: The Federal Trade Commission and the Department of Justice will virtually cohost the first public meeting of the Strike Force on Unfair and Illegal Pricing (Strike Force) to discuss Strike Force enforcement actions taken to lower prices for Americans. WHEN: Thursday,…
The Federal Trade Commission and the Department of Justice (DOJ) will virtually cohost the first public meeting of the Strike Force on Unfair and Illegal Pricing (Strike Force) on Thursday, August 1, 2024, to discuss Strike Force enforcement actions taken to lower…
Today, the Commission issued a statement regarding its referral to the Department of Justice a complaint against TikTok, the successor to Musical.ly, and its parent company ByteDance Ltd. The Commission vote authorizing the issuance of the statement was 3-0-2, with Commissioners Ferguson…
The Federal Trade Commission, the Department of Justice’s (DOJ) Antitrust Division, and the U.S. Department of Health and Human Services (HHS) are extending the deadline by 30 days for the public to comment on a tri-agency Request for Information (RFI) examining private-equity and…
Image The Federal Trade Commission is sending $2.8 million in refunds to consumers who were harmed by DK Automation and its owners, Kevin David Hulse and David Shawn Arnett, who used unfounded claims of big returns to entice consumers into moneymaking schemes…