tldrdailynews.com logo
Tag

Misrepresentation

All articles tagged with #misrepresentation

FTC Slaps Nearly $1 Million on Marketers for False Voice-Data Targeting Claim
business4 days ago

FTC Slaps Nearly $1 Million on Marketers for False Voice-Data Targeting Claim

The FTC charged Cox Media Group and partners MindSift and 1010 Digital Works with misleading customers about an ‘Active Listening’ ad service that supposedly used voice data from devices to target ads; the service did not actually listen but relied on data broker lists, and claimed consumers opted in through terms of service. The settlement requires Cox to pay $880,000 and MindSift and 1010 Digital Works $25,000 each, with refunds to affected customers. The case underscores the need for truthful advertising and proper consumer consent.

via Gizmodo|
#advertising#business#data-brokers
Ex-OpenAI Board Members Reveal Altman's Ouster and Call for Stricter AI Regulation
technology2 years ago

Ex-OpenAI Board Members Reveal Altman's Ouster and Call for Stricter AI Regulation

Former OpenAI board member Toner accused CEO Sam Altman of lying and withholding information from the board, including misrepresenting the company's ownership structure and safety processes. These actions led to a significant loss of trust, prompting discussions about his removal. Despite his ouster, Altman was reinstated as CEO within a week due to staff threats to quit and potential poaching by Microsoft. Toner resigned shortly after his return.

via Business Insider|
#board-of-directors#leadership#misrepresentation
"Starbucks: Navigating Protests, Union Strife, and China Headwinds"
business2 years ago

"Starbucks: Navigating Protests, Union Strife, and China Headwinds"

Starbucks CEO Laxman Narasimhan has stated that protestors against the coffee chain's stance on the Israel-Hamas war have been influenced by misrepresentation on social media. The company has experienced incidents of vandalism and has worked with local authorities to ensure the safety of its workers and customers. Starbucks is among several Western brands facing pressure from consumers to take a stance on the conflict, with some even facing boycott campaigns in Arab countries. The company previously sued the Workers United union for a statement on social media that it claimed reflected support for violence perpetrated by Hamas. Starbucks has condemned acts of terrorism, hate, and violence.

via Reuters|
#business#israel-hamas-war#misrepresentation
FTC Offers Claims Process for Credit Karma Settlement
consumer-protection2 years ago

FTC Offers Claims Process for Credit Karma Settlement

The Federal Trade Commission (FTC) is launching a claims process for consumers who were harmed by Credit Karma's practice of misrepresenting "pre-approved" credit card offers. Consumers who were offered a pre-approved credit card but were denied when they applied can apply for a payment through the claims process. The FTC settled charges against Credit Karma for $3 million, which will be used to compensate affected consumers. The deadline to file a claim is March 4, 2024.

via Federal Trade Commission News|
#claims-process#consumer-protection#credit-karma
Texas AG Ken Paxton Files Lawsuit Against Pfizer Alleging COVID Vaccine Efficacy Misrepresentation
health2 years ago

Texas AG Ken Paxton Files Lawsuit Against Pfizer Alleging COVID Vaccine Efficacy Misrepresentation

Texas Attorney General Ken Paxton has filed a lawsuit against Pfizer, accusing the pharmaceutical company of "unlawfully misrepresenting" the efficacy of its COVID-19 vaccine. Paxton claims that Pfizer violated the Deceptive Trade Practices Act by misleadingly asserting that the vaccine is 95% effective. The state argues that Pfizer's use of "relative risk reduction" as a statistic is misleading, citing publications from the FDA. Pfizer has responded, stating that they believe the case has no merit and that their representations about the vaccine have been accurate and science-based. Texas is seeking to permanently block Pfizer from making these claims and is seeking civil penalties.

via KXAN.com|
#covid-19-vaccine#health#ken-paxton
Texas Attorney General Files Lawsuit Against Pfizer Alleging Vaccine Misrepresentation and Public Discourse Censorship
lawsuit2 years ago

Texas Attorney General Files Lawsuit Against Pfizer Alleging Vaccine Misrepresentation and Public Discourse Censorship

Texas Attorney General Ken Paxton has filed a lawsuit against Pfizer, accusing the pharmaceutical company of misrepresenting the efficacy of its COVID-19 vaccine and conspiring to censor public discourse about the product. Paxton alleges that Pfizer engaged in false and misleading practices by making unsupported claims about the vaccine's effectiveness, including its 95% efficacy rate. The lawsuit also claims that Pfizer withheld information about the duration of vaccine protection and attempted to intimidate and silence critics. Paxton aims to seek justice for Texans who were coerced into taking a "defective product sold by lies" due to vaccine mandates.

via Texas Attorney General (.gov)|
#attorney-general-ken-paxton#censorship#covid-19-vaccine
Texas Attorney General files lawsuit against Pfizer, accusing them of deceptive claims about COVID vaccine efficacy
lawsuit2 years ago

Texas Attorney General files lawsuit against Pfizer, accusing them of deceptive claims about COVID vaccine efficacy

Texas Attorney General Ken Paxton is suing Pfizer, alleging that the pharmaceutical company unlawfully misrepresented the effectiveness of its COVID-19 vaccine and attempted to censor public discussion about it. Paxton's office claims that Pfizer's claim of 95% efficacy against infection was highly misleading. Pfizer has not yet responded to the lawsuit.

via Fox Business|
#attorney-general-ken-paxton#covid-19-vaccine#lawsuit
business2 years ago

Former Co-CEOs of Tech Start-Up Bitwise Industries Charged by SEC for Falsifying Documents in $70 Million Fundraising

The former co-CEOs of tech start-up Bitwise Industries, Jake Soberal and Irma Olguin, have been charged by the Securities and Exchange Commission (SEC) for misleading investors and falsifying documents while raising $70 million in funding. The SEC alleges that Soberal and Olguin provided investors with falsified bank records and a fake audit report, inflating cash balances and revenues to present Bitwise as a healthy and growing business. However, the company faced constant cash shortages and terminated all personnel in May 2023. Soberal and Olguin have agreed to resolve the charges, and criminal charges have also been filed by the U.S. Attorney's Office.

via SEC.gov|
#bitwise-industries#business#fraud
Grand Canyon University Hit with $37.7M Fine for Deceptive Marketing of Doctoral Degrees
education2 years ago

Grand Canyon University Hit with $37.7M Fine for Deceptive Marketing of Doctoral Degrees

The U.S. Education Department has fined Grand Canyon University, the largest for-profit college in the country, $37.7 million for misrepresenting the costs of its doctoral programs. The agency found that the university told students that enrolling in the program would cost $40,000 to $49,000, but 98% of doctoral students needed more than the promised 60 credit hours to graduate, resulting in additional costs of $10,000 to $12,000. The Education Department stated that almost no students were able to complete their doctoral program within the represented number of credits, and many were unable to receive federal financial aid for the additional courses.

via NBC News|
#doctoral-programs#education#fine
"Controversy Surrounding Mike Babcock and Columbus Blue Jackets Players' Cell Phones"
sports2 years ago

"Controversy Surrounding Mike Babcock and Columbus Blue Jackets Players' Cell Phones"

Columbus Blue Jackets Head Coach Mike Babcock and center Boone Jenner have released statements addressing comments made on a hockey podcast. Babcock clarified that the meetings where he asked players to share family pictures were meant to foster a better understanding of each other, while Jenner expressed disappointment at the misrepresentation of the meetings, stating that it was a positive way to build a relationship.

via NHL.com|
#boone-jenner#columbus-blue-jackets#hockey
"Burger King's Whopper Size Controversy Sparks Lawsuit Battle"
business2 years ago

"Burger King's Whopper Size Controversy Sparks Lawsuit Battle"

A US federal judge has rejected Burger King's attempt to dismiss a lawsuit accusing the fast-food chain of misleading customers by making its Whopper sandwich appear larger than it actually is. The lawsuit claims that Burger King's depiction of Whoppers on in-store menu boards misleads customers, alleging that the burgers are 35% larger and contain more meat than they actually do. The judge ruled that Burger King must defend against the claim, stating that it is up to jurors to determine what reasonable people think. The lawsuit seeks at least $5 million in damages.

via The Guardian|
#burger-king#business#fast-food