Diet Co. Must Admit Wrongdoing In $11.5M FTC Deal: Judge

Law360, New York (February 23, 2012, 7:12 PM EST) -- A New Jersey federal judge on Wednesday questioned an $11.5 million settlement between the Federal Trade Commission and a diet supplement maker over deceptive marketing practices, citing concerns over the company's refusal to admit wrongdoing even as it is shelling out damages.

U.S. District Judge Renee Marie Bump ordered the FTC and acai berry-based weight loss product seller Circa Direct LLC and its CEO Andrew Davidson to revisit their settlement after considering the Second Circuit's ruling in SEC  v. Citigroup Global Markets Inc. A settlement was rejected in that...
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