False Advertising

False advertising or deceptive advertising is the use of false or misleading statements in advertising, and misrepresentation of the product at hand, which may negatively affect many stakeholders specifically consumers. As advertising has the potential to persuade people into commercial transactions that they might otherwise avoid, many governments around the world use regulations to control false, deceptive or misleading advertising. "Truth" refers to essentially the same concept, that customers have the right to know what they are buying, and that all necessary information should be on the label.False advertising, in the most blatant of contexts, is illegal in most countries.
Posts about False Advertising
  • Reference Prices: Are You at Risk?

    … Reference prices advise consumers that they are getting a bargain. The California Court of Appeal, however, just upheld a $6.8 million penalty on the grounds that a company’s use of list prices and comparison prices constituted a deceptive trade practice. If past is prologue, we can expect a flood of class action lawsuits to follow. Thankfully…

    Brann & Isaacson- 11 readers -
  • American Advisors Group Fraud Post (Reverse Mortgage Fraud)

    … On New Years day, we posted an extensive piece on Reverse Mortgage Fraud. In that post we listed three companies that were recently the target of Consumer Financial Protection Bureau (CFPB). Those companies are American Advisors Group, Reverse Mortgage Solutions and Aegean Financial. Aegean also goes by the name Jubilados Financial. Recently we…

    Due Diligence- 25 readers -
  • Do Big Pharma CEO Salaries Correlate with Fraud & Whistleblower Awards?

    … corporate citizen, however. In 2012, the company paid $441 million to the government to settle civil charges that included allegations about false advertising claims. Merck wanted to increase sales knowing that Medicare foots the table for much of its sales. That year the company also paid $322 million in criminal fines and had to return $200 million…

    Due Diligence- 11 readers -
  • New Study Compares Brokerage Firm Advertising

    … From the Desk of Jim Eccleston at Eccleston Law LLC: An investor advocacy bar association, known as PIABA (the Public Investors Arbitration Bar Association), has issued a report entitled, “Major Investor Losses Due to Conflicted Advice: Brokerage Industry Advertising Creates the Illusion of Fiduciary Duty.” The March, 2015 report argues false…

    Eccleston Law Offices- 15 readers -
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