This past year was marked by extraordinary deal activity. Record breaking M&A activity drove record breaking private credit activity. Private equity M&A activity was at a substantial high.
Earlier this week, Representatives Jan Schakowsky and Lori Trahan D-MA introduced the FTC Whistleblower Act of 2021 FTCWA, which would reward and protect disclosures about potential or suspected violations of any law, rule, or regulation enforced by the FTC.
Under Section 5 of the FTC Act, the Commission can obtain civil penalties against a company that acted unfairly or deceptively through the Penalty Offense Authority.
As discussed in our earlier post, on October 13, 2021, the FTC issued “Notice of Penalty Offenses” letters to more than 700 companies, placing them on notice of civil penalties up to.
Under Section 5 of the FTC Act, the Commission can obtain civil penalties against a company that acted unfairly or deceptively. The FTC can seek civil penalties if it proves that the company knew the conduct was deceptive and the FTC had already issued a written decision.