Justices Urged To Kill FTC's Claimed Restitution Power
Law360 (September 28, 2020, 8:00 PM EDT) -- An asset manager has urged the U.S. Supreme Court to jettison the Federal Trade Commission's long-claimed power to demand restitution for bad marketplace behavior as one of two lower court cases challenging that authority head to high court review.
AMG Capital Management LLC wants the justices to deal with a circuit split over the issue by declaring that the Ninth Circuit was wrong to find that the FTC's authority to seek injunctions includes the right to seek monetary restitution, saying the Federal Trade Commission Act allows injunctions only as equitable, not monetary, relief.
As AMG made that case Friday, a credit...
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