LabMD Winding Down Operations, Blaming FTC Suit

Law360, New York (January 28, 2014, 8:36 PM EST) -- Citing the “debilitating effects” of its closely watched challenge to the Federal Trade Commission's authority to regulate private companies' data security practices, medical testing laboratory LabMD Inc. said Tuesday that it has decided to wind down its operations.

LabMD president and CEO Michael J. Daugherty said in a statement that operations at the Atlanta-based medical facility have basically ground to a halt and that although the company would “continue to meet the needs of its current clients,” it has elected to stop accepting new specimens for...
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