U.S. Supreme Court Rejects Federal Trade Commission’s Restitution Authority
By EsqSocial Corporation 23/04/21
On April 22, 2021, the U.S. Supreme Court unanimously held that Section 13(b) of the Federal Trade Commission Act does not grant the Federal Trade Commission (FTC) authority “to seek, [or] a court to award, equitable monetary relief such as restitution or disgorgement.” (Slip Op. at 1.) This ruling in the closely watched AMG Capital Management v. Federal Trade Commission case resolves a circuit split over the FTC’s authority to seek monetary relief from courts....
By: McGuireWoods LLP