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AMG Capital Management, LLC v. Federal Trade Commission, 593 U.S. ___ (2021), was a U.S. Supreme Court case dealing with the ability of the Federal Trade Commission (FTC) to seek monetary relief for restitution or disgorgement from those that it found in violation of trade practices.
The money comes from a $1.3 billion civil court judgment the FTC obtained against Tucker and his AMG Services Inc. [20] However, on petition to the United States Supreme Court in AMG Capital Management, LLC v. FTC, the Court ruled unanimously in April 2021 that the FTC did not have the authority under Congress to seek equitable relief, and ...
Case name Docket no. Date decided Google LLC v. Oracle America, Inc. 18–956: April 5, 2021 Tandon v. Newsom: 20A151: April 9, 2021 AMG Capital Management, LLC v.
In the 2021 United States Supreme Court case, AMG Capital Management, LLC v. FTC, the Court found unanimously that the FTC did not have power under of the FTC Act, amended in 1973, to seek equitable relief in courts; it had the power to seek only injunctive relief. [13]
AMG's Chief Financial Officer to Present at the Keefe, Bruyette & Woods 2013 Asset Management Conference BOSTON--(BUSINESS WIRE)-- Jay C. Horgen, Chief Financial Officer of Affiliated Managers ...
Meanwhile, AI scams have become part of the FTC’s "bread and butter fraud work," Khan noted, so reach out to the agency when you see or experience something amiss.
In AMG Capital Management, LLC v. FTC (2021), the Supreme Court held that statutory authority for the Federal Trade Commission to sue for an “injunction” does not authorize suit for restitution. The court unanimously held that the statutory language refers to prospective equitable relief, and does not include retrospective monetary relief.
FTC Chair Lina Khan has led an aggressive antitrust fight against large corporations. In a recent "60 Minutes" interview, she said Big Tech acquisitions have harmed Americans.