The State AG Report – 1.19.2023

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FTC Finalizes Consent Order with Drizly Following Security Breach Affecting 2.5 Million Customers

The FTC finalized a consent order with Drizly, LLC and a related individual regarding alleged violations of the FTC Act. Drizly operates an e-commerce platform that allows local retailers to sell alcohol to consumers and facilitate its delivery.

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CFPB Proposes Registry of Terms and Conditions in Consumer Financial Form Contracts

The CFPB has proposed a rule that aims to protect consumers from fine print in non-negotiable contracts with nonbanks that provide consumer financial services.

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AGs Ask Supreme Court to Lift Injunctions on Federal Government’s Student Debt Relief Plan

A coalition of 22 Democrat AGs filed an amicus brief in support of the federal government in two cases before the U.S. Supreme Court concerning the government’s plan to cancel certain student loan debt in order to address the economic effects of the COVID-19 pandemic.

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AG Coalition Targets Gun Industry with Second Circuit Briefing in Support of New York Statute

A coalition of 18 AGs filed an amicus brief in National Shooting Sports Foundation v. James, a case before the U.S. Court of Appeals for the Second Circuit in which a group of gun manufacturers and distributors are challenging a New York firearms liability statute.

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Iowa AG Seeks Injunctions to Limit Environmental Damage following Explosion at Shingle Processing Facility

Iowa AG Brenna Bird filed a lawsuit against C6-Zero LLC and a related individual and entity seeking compliance with a Department of Natural Resources order and state environmental laws following an explosion and fire at the company’s facility.

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AG Coalition Accuses Proxy Advisors of Prioritizing Environment, Diversity over Financial Gain for Clients

A group of 22 AGs wrote a letter to proxy advisory firms International Shareholder Services, Inc. and Glass, Lewis & Co. accusing the companies of potentially violating federal and state laws regarding the advice and duties of proxy advisors, as well as the companies’ contracts with states’ investment vehicles, by considering factors related to the environment and board participation when making voting recommendations.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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