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AMG Capital v. FTC – SCOTUS Strips The FTC Of A Critical Enforcement Tool - Litigation, Mediation & Arbitration

Overview
In a unanimous decision reversing the Ninth Circuit, the Supreme
Court in
AMG Capital v. FTC ended a
federal circuit split and squarely held that the FTC lacks
authority to pursue equitable monetary relief in federal court
under Section 13(b) of the Federal Trade Commission Act (the
Act ). The Ninth Circuit had upheld a permanent
injunction against defendant Scott Tucker s payday loan
business for engaging in unfair and deceptive practices, holding
that Section 13(b) allowed for ancillary relief,
including restitution[,] and affirming a $1.27 billion restitution
and disgorgement award. But the Supreme Court held that Section
13(b), by its language and structure, does not give the FTC the ....

Scott Tucker , Supreme Court , Financial Protection Bureau , Committee On Energy , Warner Holding Co , Ninth Circuit , Federal Trade Commission Act , Representative Tony , Acting Chairwoman Slaughter , ஸ்காட் டக்கர் , உச்ச நீதிமன்றம் , நிதி ப்ரொடெக்ஶந் பணியகம் , குழு ஆன் ஆற்றல் , எச்சரிக்கை வைத்திருத்தல் இணை , ஒன்பதாவது சுற்று , கூட்டாட்சியின் வர்த்தகம் தரகு நாடகம் , பிரதிநிதி டோனி ,

AMG Capital v. FTC – SCOTUS Strips The FTC Of A Critical Enforcement Tool | Morrison & Foerster LLP

Overview
In a unanimous decision reversing the Ninth Circuit, the Supreme Court in
AMG Capital v. FTC ended a federal circuit split and squarely held that the FTC lacks authority to pursue equitable monetary relief in federal court under Section 13(b) of the Federal Trade Commission Act (the “Act”). The Ninth Circuit had upheld a permanent injunction against defendant Scott Tucker’s payday loan business for engaging in unfair and deceptive practices, holding that Section 13(b) allowed for “ancillary relief,” including restitution and affirming a $1.27 billion restitution and disgorgement award. But the Supreme Court held that Section 13(b), by its language and structure, does not give the FTC the power to seek equitable monetary relief such as restitution or disgorgement. The justices stressed that the FTC remains free to seek restitution through the powers originally granted by the Act (pursuant to Sections 5 and 19), but only after conducting a more onerous pr ....

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Alert - AMG v. FTC: US Supreme Court Severely Limits FTC's Ability to Seek Monetary Relief | Cooley LLP

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The US Supreme Court ruled last week that the Federal Trade Commission doesn’t have the authority to seek equitable monetary relief in federal court under Section 13(b) of the FTC Act in
The text of Section 13(b) expressly allows the Commission to seek injunctive relief (temporary restraining orders or preliminary injunctions in aid of administrative proceedings, as well as permanent injunctions in “proper cases”), but is silent on whether the agency can also seek equitable monetary relief. Nonetheless, courts for years have ordered consumer redress, including disgorgement and restitution under Section 13(b) in response to agency requests. ....

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Supreme Court: FTC Authority Does Not Extend To Equitable Monetary Relief - Finance and Banking

In
AMG Capital Management, LLC, et al. v. Federal
Trade Commission, the Supreme Court of the United States
held that the FTC does not have the authority under Section 13(b) ( Temporary restraining
orders; preliminary injunctions ) of the Federal Trade
Commission Act (the Act ) to seek equitable monetary
relief.
Justice Breyer delivered the Opinion for a unanimous Court, in
which the Court stated that the FTC - in seeking restitution and
disgorgement pursuant to Section 13(b) - acted in accordance
with its increasing tendency to use Section 13(b) to seek
monetary awards without prior use of the Commission s
traditional administrative process. ....

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U.S. Supreme Court Limits the FTC's Authority to Seek Monetary Relief in Deceptive Practices Enforcement Cases | Insights

U.S. Supreme Court Limits the FTC's Authority to Seek Monetary Relief in Deceptive Practices Enforcement Cases | Insights
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