| Volume 141 Number 97 |
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The People’s Lawyer’s Tip of the Day
Getting your money back is important to you, and to the FTC. The FTC brings lawsuits to stop unfair and deceptive business practices. One way they help right those wrongs is by getting refunds to people who lost money. Click here for more.
Mercedes-Benz recalls 288k vehicles with airbag inflator issue
Mercedes-Benz USA (MBUSA) is recalling 288,779 of their vehicles. The vehicles are equipped with air bag inflators assembled as part of the passenger front airbag modules that may explode due to propellant degradation occurring after long-term exposure to high absolute humidity, temperature and temperature cycling. An inflator explosion may result in sharp metal fragments striking the passenger or other occupants resulting in serious injury or death. Click here for more.
Your Money
Aspiring retirees face many challenges on the road to retirement. Among the top challenges is knowing how much retirement savings is enough to live comfortably. Retirement planning should not be a guessing game. To better quantify preparedness, retirement savers can use a few rule of thumb calculations to help determine whether they will have enough money to live their desired lifestyle. While planning should not rely on any single rule of thumb alone, comparing numbers to a set of established metrics can help you estimate your ability to retire comfortably. Here are four metrics to help measure retirement preparedness: Click here for more.
For the Lawyers
FTC suit against manufacturer of memory enhancement product revived. The Second Circuit revived a Federal Trade Commission challenge to the memory enhancement claims of a nationally advertised supplement, erasing a serious setback to the FTC’s forceful oversight of a multibillion-dollar market for brainpower products. In a five-page order, the appeals court nullified a district judge’s surprising dismissal of an FTC lawsuit targeting purported memory aid Prevagen. The product, which contains a protein originally derived from jellyfish, is sold in 40,000 U.S. stores and has been advertised on CNN, Fox News and Sirius XM Radio. A district judge had found that the FTC had only identified “theoretical” concerns about Prevagen’s scientific data. But the Second Circuit found credible allegations that Prevagen's promotions “are contradicted by the results” of the product's own clinical trial and therefore are “materially deceptive.” Federal Trade Commission et al. v. Quincy Bioscience Holding Co. Inc. et al., case numbers 17-3745 and 17-3791, in the U.S. Court of Appeals for the Second Circuit. Click here for more.