A Big Year For Section 5 Of The FTC Act

Law360, New York (December 16, 2013, 1:16 PM EST) -- Nearly 100 years after Congress passed the Federal Trade Commission Act, the meaning of one of its central provisions remains largely unsettled. In Section 5 of the FTC Act, Congress prohibited “[u]nfair methods of competition” but declined to elaborate further. The FTC, for its part, has never issued clear official guidance on its views of the provision. This ill-defined proscription is a potential nightmare for modern businesses — and their legal counsel — which are hamstrung from discerning and advising upon the boundary between legal and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.