Oil Companies to Pay Record FTC Gun-Jumping Fine for Antitrust Law Violation

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…

FTC Approves Modifications to Horseracing Integrity and Safety Authority’s Assessment Methodology Rule

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…

FTC Action Leads to Settlement Against Two Defendants Who Operated Business Opportunity Scheme That Took Millions from Consumers

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…

FTC Action Leads to Permanent Bans for Scammers Behind Sprawling Credit Repair Pyramid Scheme

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…

FTC and Justice Department Host First Strike Force on Unfair and Illegal Pricing Meeting

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…

FTC and DOJ Host First Public Strike Force on Unfair and Illegal Pricing Meeting

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,…

FTC and Justice Department to Host First Public Strike Force on Unfair and Illegal Pricing Meeting

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…

Statement of the Commission Regarding TikTok Complaint Referral to DOJ

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…

FTC, DOJ, and HHS Extend Comment Period on Cross-Government Inquiry on Impact of Corporate Greed in Health Care

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…

FTC Sends $2.8 Million in Refunds to Consumers Harmed by DK Automation’s Phony Online Business and Crypto Moneymaking Schemes

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…