The California Insurance Commission has subpoenaed MetLife, Inc. over allegations that the US’s largest life insurer may have cheated policyholders’ survivors.
MetLife is alleged to have failed to pay life insurance policy benefits to named beneficiaries or the state, even after learning that an insured has passed away. Continue reading MetLife Subpoenaed Over Allegations of Unpaid Benefits
US Airways Group has hit third-party ticket seller Sabre with an antitrust lawsuit, claiming that Sabre Holdings Corp shuts out its competition and deliberately drives up its prices.
The lawsuit alleges that Sabre, a third-party distributor of air fare information to travel agents, suppressed the ability for agents to book tickets directly through airlines. Continue reading US Airways Hits Sabre with Antitrust Lawsuit
More than seven months after the bill was signed into law with some fanfare, most domestic workers, such as nannies, and their employers seem unaware of the new Domestic Worker’s Bill of Rights in New York.
Advocacy group Domestic Workers United and the US Labor Department have been working to spread the information to domestic workers. The law is the only one in the nation to offer specific protections for domestic workers, including nannies, housekeepers and caregivers for the elderly. Continue reading Labor Dept, Advocates Spread Word on New York Domestic Worker Bill
A watchdog group doesn’t believe a video series sold on television is able to teach babies to learn to read.
According to an NBC News report, Campaign for a Commercial-Free Childhood is out to prove “Your Baby Can Read” video series is a fraud. The group is best known for bringing sweeping changes to the way Baby Einstein products are marketed.
The “Your Baby Can Read” commercials show toddlers with an amazing ability to recognize words and say them aloud. The program uses videos, flash cards and other learning materials and promises to have very young children reading at school-age levels.
Susan Linn, executive director at CCFC, equated the series to “snake oil.” She and her group have filed a complaint with the Federal Trade Commission arguing the marketing behind the series is false and misleading. Additionally, the series poses health risks to very young children because it forces them to sit in front of a television.
Continue reading FTC investigating claim that Your Baby Can Read video series is a fraud
The Justice Dept. has been asked to investigate college football’s Bowl Championship Series (BCS) for violations of federal anti-trust law.
According to a Wall Street Journal report. a letter sent from officials at University of Chicago and Smith College ask federal officials to investigate the BCS postseason system implemented by the NCAA a few years ago to organize the college football championship season.
Rather than a traditional playoff tournament as is conducted in every other sport – both professionally and at the college level – college football uses an ever-growing series of post-season bowl games, special games pitting uncommon opponents against each other in corporate-sponsored events.
There are now more than 30 postseason games and teams with mediocre seasons are often rewarded with the opportunity to play one more football game, even if it is at a distant location in front of very few fans. Each game is televised and schools are believed to generate a lot of revenue from their involvement. Continue reading College football’s BCS accused of breaking federal anti-trust law
New York State has joined the US Justice Department in filing an antitrust lawsuit challenging the planned acquisition by Stericycle, a medical waste services company of Healthcare Waste Solutions Inc.
The suit charges that, unless remedied, Stericycle, the dominant firm nationally for collecting and treating medical waste generated by hospitals and other medical facilities, will control about 90 percent of the medical waste business in the New York City metropolitan area. Continue reading New York, Justice Dept File Antitrust Suit Against Stericycle
The Federal Trade Commission has reached a settlement with another fraudulent company selling bogus mortgage foreclosure relief services.
According to an NBC report, the firm of Kirkland Young LLC and several other defendants in an ongoing investigation by the FTC have been barred from offering these services in the future and must pay a $2.2 million penalty, equal to the amount they bilked from homeowners facing foreclosure.
Kirkland Young LLC joins a growing number of companies across the U.S. which sought ill-gotten funds from consumers already facing financial straits.
This company would leave telephone messages for homeowners currently facing foreclosure from their banks or home loan lender. Kirkland Young LLC said they could approve them for loan modification and stop foreclosure proceedings. Continue reading Kirkland Young LLC to pay $2.2M penalty for foreclosure relief scam
Oreck Corp. has settled charges from the Federal Trade Commission over flu-fighting claims the company made about two of its vacuum cleaners on television.
Accoring to a report from the Orange County Register, Oreck claimed its Oreck Halo vacuum cleaner and Oreck Pro Shield Plus air filter were capable of preventing and curing the flu.
Oreck used television infomercials to advertise the vacuum and air cleaner. The vacuum sold for $599.95 and the air cleaner costs $399.95. On TV, Oreck claims the products are “Flu Fighters.” Such medical claims must be backed by scientific evidence and, of course, Oreck could not produce that material. Continue reading Vacuum company Oreck settles charges over advertising claims made on TV
Workers at a Kansas slaughterhouse are seeking unpaid wages and overtime from Creekstone Farms Premium Beef in a federal lawsuit that seeks class-action status.
Filed on behalf of 700 employees at Creekstone Farms’ Arkansas City plant, the suit claims the company hasn’t been paying employees for all of the time they spend working. Workers are seeking an unspecified amount for uncompensated services and time, as well as their legal costs. Continue reading Creekstone Farms Employees File Class Action Lawsuit Against Company
A lawsuit filed in a California court accuses credit score bureau Experian of defrauding consumers who purchase the company’s services through its Web sites.
Experian has an aggressive advertising campaign which purportedly offers consumers a free look at their credit score and history. The Web sites are FreeCreditReport.com and FreeCreditScore.com. The lawsuit seeks class-action status.
The suit accuses Experian of intentionally confusing customers, engaging in false advertising and not giving consumers what they pay for when they sign up for services. Continue reading Lawsuit accuses credit bureau Experian of deception, fraud