Photo: Diego M. Radzinschi/ALM FTC's Final 'Click to Cancel' Rule Drops Some Regulatory Burdens
"Less than a month from election day, the Chair is hurrying to finish a rule that follows through on a campaign pledge made by the Chair's favored presidential candidate," FTC Commissioner Melissa Holyoak said in a 13-page dissent.
October 16, 2024 at 04:54 PM
4 minute read
The Federal Trade Commission has stripped from its final rule on recurring subscriptions and memberships a requirement that sellers provide consumers an annual reminder that they can cancel.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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