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Top News In அவசரம் ப்ரைஸ் கட்டுப்பாடு நாடகம் Today - Breaking & Trending Today

Pandemics, Patents, and Price Controls

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The second decade of the 21st century was bookended by two great crises the Great Recession and the COVID-19 pandemic. In addition to the colossal impact these events have had on our daily lives, they resulted in
massive increases in government power and spending. During the Great Recession, Rahm Emmanuel, Chief of Staff for President Barack Obama, infamously said, “You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things that you think you could not do before.”REF This adage was applied in the Great Recession and it certainly has been applied in the COVID-19 pandemic.REF ....

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AMG Capital Management v. FTC - What Happened and What's Next? | Bryan Cave Leighton Paisner

Summary
In a unanimous ruling, the Supreme Court recently eliminated the ability of the Federal Trade Commission (“FTC”) to seek monetary relief in district court under § 13(b) of the Federal Trade Commission Act (“FTC Act”) – a power the FTC has been exercising since the 1970s.
What Happened?
In
AMG Capital Management, LLC v. Federal Trade Commission, the FTC filed suit against Petitioner Scott Tucker under § 5(a) of the FTC Act for misleading consumers with certain terms of payday loans. Instead of first using the administrative proceedings available to the FTC under § 5 and § 19, the Commission sought a permanent injunction
and equitable monetary relief (i.e., restitution and disgorgement) in federal court under § 13(b). The FTC did so notwithstanding that the statute expressly authorizes only a “temporary restraining order or a preliminary injunction” or a “permanent injunction.” ....

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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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US Supreme Court: FTC Cannot Seek Equitable Monetary Relief in Section 13(b) Cases | Morgan Lewis

US Supreme Court: FTC Cannot Seek Equitable Monetary Relief in Section 13(b) Cases | Morgan Lewis
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SCOTUS Limits FTC's Authority to Seek Monetary Relief

U.S. Supreme Court Limits the FTC’s Authority to Seek Monetary Relief in Deceptive Practices Enforcement Cases
Friday, April 23, 2021
In a unanimous decision released on April 22, 2021, the U.S. Supreme Court upended decades of lower court precedent by finding that Section 13(b) of the Federal Trade Commission Act (FTC Act) does not authorize the FTC to seek, or a court to award, equitable monetary relief such as restitution or disgorgement. Instead, in
AMG Capital Management, LLC v. FTC,
1 the Court pointed to other sections of the FTC Act, notably the administrative procedures contained in section 5 and the consumer redress available under section 19, as the proper legal avenues for the FTC to seek consumer redress and restitution in most cases. The ruling substantially curbs the FTC’s ability to obtain consumer redress under section 13(b), the FTC’s preferred means of seeking monetary damages due to its administrative efficiency compared to ot ....

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