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NY Class Action Filed Against Nike Over Alleged NFT ‘Rug Pull’ and Unregistered Securities

On April 25, purchasers of Nike non-fungible tokens (NFTs) filed a class action complaint in the US District Court for the Eastern District of New York against the sportswear giant alleging that the December 2024 shutdown of...more

Navigating New York’s Retail Worker Safety Act

Last year, the New York Retail Worker Safety Act was signed into law. The Act will take effect on June 2, after which New York-based retail employers will be faced with new internal policy and training requirements for...more

Continued FTC Crackdown on False Product Reviews

Consumer protection wins again! The Federal Trade Commission (FTC) announced a final order settling its complaint against Rytr LLC, an artificial intelligence (AI) writing assistant tool that was capable of producing detailed...more

FTC to Hold Hearing on Impersonation Rule Amendment

The Federal Trade Commission (FTC) will hold an informal hearing at 1:00pm EST on January 17, regarding the proposed amendment to its existing impersonation rule....more

Revitalizing Retail: What Saks Global Means for the Luxury Market and the Future of Department Stores

On December 23, 2024, Hudson’s Bay Company, the parent company of Saks Fifth Avenue, completed its acquisition of Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman, for $2.7 billion following years...more

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