Former CEO of Voyager Digital Agrees to Ban and $2.8 Million Payment to Resolve FTC Charges

FTC alleges Voyager Digital’s former CEO claimed consumers’ deposits were FDIC-insured, but consumers lost more than $1 billion in cryptocurrency when the firm failed Stephen Ehrlich, the former CEO of crypto platform company Voyager Digital, will pay $2.8 million to resolve the Federal Trade Commission’s charges that he and his company misled consumers. Ehrlich has … Read more

FTC Takes Action to Prevent Anticompetitive Effects of Retail Gas Station Deal

Proposed FTC order requires Alimentation Couche-Tard to divest 35 retail fuel outlets to protect Americans from higher fuel costs Today, the Federal Trade Commission took action to protect Americans from paying higher prices at the pump by resolving antitrust concerns surrounding Alimentation Couche-Tard Inc.’s (ACT) proposed $1.57 billion acquisition of 270 retail fuel outlets from … Read more

Statement on the Grant of Early Termination of the FTC’s Investigation of the Proposed Acquisition of Kellanova by Mars

Today, the FTC granted early termination of its review of Mars, Incorporated’s proposed acquisition of Kellanova. Mars is a global manufacturer of pet care, snacking, and food products. Kellanova owns legacy Kellogg brands, including in snacks, crackers, and frozen breakfasts, after spinning off its North American cereals business in 2023 as WK Kellogg Co. View … Read more

FTC Sues to Stop Mercury Marketing and Others from Deceptively Advertising Substance Use Disorder Treatment Clinics

The FTC alleges that Mercury Marketing and other defendants violated the FTC Act, the Opioid Addiction Recovery Fraud Prevention Act, and the FTC’s Impersonation Rule The Federal Trade Commission filed a complaint today alleging that Mercury Marketing, LLC, and other defendants impersonated substance use disorder treatment clinics in Google search ads to deceptively route consumers trying to call … Read more