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FTC’s Monetary Relief Claims Dismissed In Prevagen Fraud Case; Supreme Court Decision Cited

 
• By Eileen Francis

The Federal Trade Commission’s claim for monetary relief against the Prevagen memory supplement marketer is dismissed by a federal judge in New York, who cites recent Supreme Court decision gutting the agency's long-favored mechanism for collecting monetary penalties under the FTC Act.

US Supreme Court, Washington DC (Brandon Bourdages/Shutterstock.com)

A New York federal court judge has dismissed the Federal Trade Commission’s claim for monetary relief against Quincy Bioscience Holding Co. Inc. in its Prevagen false advertising case, citing a recent Supreme Court decision.

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