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FTC

1968 Jun
 Ralph Nader formed his first task force of crusading students, comprised of seven law student volunteers. The group, later known as Nader’s Raiders, began looking into the Federal Trade Commission (FTC), a sleepy bureaucracy entrusted with protecting consumers from shoddy products, fraudulent business practices and deceptive advertising.
Links: USA, FTC, Fraud     Click to see the source(s) for this event 
 
2000 Dec 14
 The Federal Trade Commission unanimously approved the $111 billion merger of America Online and Time Warner.
Links: USA, M&A, FTC     Click to see the source(s) for this event 
 
2001 Aug 1
 The Federal Trade Commission cleared the way for PepsiCo to acquire Quaker Oats for about $13.4 billion in stock.
Links: USA, Food, M&A, FTC     Click to see the source(s) for this event 
 
2003 Sep 29
 President Bush signed legislation to ratify the Federal Trade Commission's authority to set up a national do-not-call list for telemarketers.
Links: USA, Telecom, BushGW, FTC     Click to see the source(s) for this event 
 
2007 Jan 4
 The US Federal Trade Commission fined the marketers of four weight loss pills $25 million for making false advertising claims ranging from rapid weight loss to reducing the risk of cancer.
Links: USA, Cancer, FTC     Click to see the source(s) for this event 
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2009 Dec 16
 The US Federal Trade Commission voted to sue Intel Corp. over its business practices, saying it engaged in anti-competitive behavior by abusing its dominant market position. Intel controlled over 80% of the CPU market and will face an administrative law judge in September.
Links: USA, Computer, Lawsuit, FTC     Click to see the source(s) for this event 
 
2010 Aug 3
 Intel and the FTC confirmed the settlement of an anti-trust case.
Links: USA, Computer, Lawsuit, FTC     Click to see the source(s) for this event 
 
2016 Jul 15
 The US Federal Trade Commission (FTC) announced that Herbalife has agreed to a $200 million settlement for consumer relief along with requirements to restructure it business practices.
Links: USA, Lawsuit, FTC     Click to see the source(s) for this event 
 
2018 Mar 26
 The Federal Trade Commission confirmed that it is investigating Facebook's privacy practices following a week of privacy scandals including whether the company engaged in "unfair acts" that cause "substantial injury" to consumers.
Links: USA, Internet, FTC     Click to see the source(s) for this event 
 
2019
 The US FTC fined German Calas Jr., the boss of Devumi, $2.5 million for selling fake YouTube views, the first time such a complaint had been brought.
Links: USA, FTC     Click to see the source(s) for this event 
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2020 Apr 10
 New data released by the US Federal Trade Commission (FTC) showed that more than 15,000 Americans have reported alleged coronavirus-related frauds totaling nearly $12 million in losses.
Links: USA, FTC, COVID-19     Click to see the source(s) for this event 
 
2021 Feb 2
 The Federal Trade Commission said that Amazon didn't pass on tips to drivers for more than two years, even though it promised shoppers and drivers it would do so. Amazon is paying nearly $62 million to settle charges that it took tips from its delivery drivers.
Links: USA, Labor, FTC     Click to see the source(s) for this event 
 
2021 Aug 19
 The US Federal Trade Commission filed a more detailed lawsuit accusing Facebook of being a monopoly. A federal judge threw out the agency’s original case two months ago.
Links: USA, FTC, Social Media     Click to see the source(s) for this event 
 
2021 Dec 2
 The Federal Trade Commission (FTC) sued to block Nvidia’s $40 billion acquisition of a fellow chip company, Arm, halting what would be the biggest semiconductor industry deal in history, as federal regulators push to rein in corporate consolidation.
Links: USA, FTC     Click to see the source(s) for this event 
 
2021 Dec 7
 The US Federal Trade Comission and seven states, including California, announced a settlement of up to $40 million against Vyera Pharmaceuticals for raising the price of Daraprim, a potentially life-saving medication, from $17.50 to $750 per tablet, after obtaining exclusive rights to the drug in 2015. Company founder and former CEO Martin Shkreli still faced a trial.
Links: USA, California, Pharma, FTC     Click to see the source(s) for this event 
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2022 Apr 19
 The US Federal Trade Commission (FTC) said generic drug maker Hikma Pharmaceuticals has won US antitrust approval to buy Custopharm, Inc on condition that it divest an injectable steroid.
Links: USA, Pharma, M&A, FTC     Click to see the source(s) for this event 
 



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