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
Regulation
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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Davis Polk & Wardwell partners Mari Grace and Edmund Polubinski III have entered appearances for Australia-based Bitcoin-mining company Iris Energy and other defendants in a pending securities class action. The action, filed Oct. 7 in New York Eastern District Court by the Rosen Law Firm, contends that the defendants concealed the inadequacy of the company's site in Childress County, Texas, including it being 'ill-equipped' and unable to operate the company's proprietary design. The case, assigned to U.S. District Judge Peggy Kuo, is 1:24-cv-07046, Williams-Israel v. Iris Energy Limited et al.
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