News & Analysis as of

Federal Trade Commission (FTC) Asset Freeze

Orrick, Herrington & Sutcliffe LLP

District Court grants FTC’s TRO and asset freeze against debt company

Recently, the U.S. District Court for the Middle District of Florida granted an order brought by the FTC against a debt relief company for violations of several statutes. The court agreed that the defendants have: (i) made...more

McGlinchey Stafford

Can I Stop Invasive Corporate-Wide Discovery? - McGlinchey Commercial Law Bulletin - February 3, 2023

McGlinchey Stafford on

Ohio- Tortious Interference with Business Relations Emanuel’s LLC v. Restore Marietta, 4th Dist. Washington No. 2023-Ohio-147. In this appeal, the Fourth Appellate District affirmed the trial court’s decision to grant...more

Venable LLP

Eleventh Circuit Says FTC Can Seek Asset Freezes and Receivership Under Section 19

Venable LLP on

As the dust settles from the Supreme Court’s decision in AMG Capital Management, LLC v. FTC, 141 S. Ct. 1341 (2021), which gutted the Federal Trade Commission’s authority to obtain equitable monetary relief in court, the...more

Venable LLP

FTC Joins with California DFPI to Obtain Asset Freeze Against Mortgage Relief Business

Venable LLP on

​​​​​​​Last week, the Federal Trade Commission turned its attention to the mortgage relief industry once again. In its most recent enforcement action, the FTC joined forces for the first time with the California Department of...more

Proskauer - Minding Your Business

Without Equitable Monetary Relief, No Need for Asset Freeze or Receivership to Preserve Resources, and More Takeaways from the...

The Eleventh Circuit’s opinion last month in FTC v. On Point Capital Partners LLC, et al.,clarifies the ramifications of the Supreme Court’s ruling in AMG Capital Management regarding the prohibition of equitable monetary...more

Proskauer - Blockchain and the Law

FTC Freezes Assets and Operations of Four Promoters of Cryptocurrency Investment Schemes

The Federal Trade Commission (FTC) recently sought and received a temporary restraining order (TRO) against four promoters of alleged pyramid schemes involving cryptocurrencies. The promoters were charged with violating the...more

Goodwin

FTC Obtains TRO Temporarily Freezing Assets of Georgia-Based Debt Collection Business

Goodwin on

On November 8, a federal court in Georgia issued a temporary restraining order against a Georgia-based debt collector, freezing its assets and granting the Federal Trade Commission (“FTC”) immediate access to its business...more

Goodwin

FTC Obtains Temporary Restraining Order Freezing Assets of Debt Collection Operation

Goodwin on

On July 10, 2017, the U.S. District Court for the Middle District of Florida entered a temporary restraining? order (“TRO”) halting operations and freezing the assets of a debt collection operation, at the request of the...more

Buchalter

FTC Enters Into Landmark Settlement With Network Marketing Company; Vemma Lives To Play Another Day

Buchalter on

The sixteen month long lawsuit between the Federal Trade Commission and Vemma Nutrition Company has come to a negotiated resolution under terms which will allow Vemma to continue operating its business under restrictions...more

McGuireWoods LLP

CFPB Obtains Injunction Against World Law Group

McGuireWoods LLP on

The CFPB recently obtained preliminary injunctions against debt-reduction company World Law Group, its affiliates and its owners, thereby freezing the company’s assets and stopping all further operations pending the outcome...more

Kelley Drye & Warren LLP

FTC Shuts Down a Risky Risk-Free Offer

This morning, the FTC announced that it had stopped a group of 15 companies and 7 individuals from using deceptive “risk-free trial” offers to sell skincare products online. At the Commission’s request, a federal court issued...more

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