FTC-L’Oreal Settlement Will Fuel Cosmetics Class Actions – Attorney
This article was originally published in The Rose Sheet
Class actions against cosmetics firms show no sign of slowing down, and FTC’s pending settlement with L’Oreal for gene-related anti-aging claims likely will spur further litigation in the sector, Edwards Wildman Palmer partner Ronie Schmelz says.
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Plant stem cell actives such as Mibelle Biochemistry's PhytoCellTec Malus Domestica were marquee ingredients for skin-care brands in the flourishing US anti-aging market years back. But what once was fruitful has turned rotten with regulatory crackdowns in recent years and class actions that continue to weigh on product manufacturers.
The recent action against L’Oreal sends a signal to industry that FTC is paying attention to their claims. In an interview with “The Rose Sheet,” attorneys from Edwards Wildman Palmer discuss the case’s implications and whether it heralds a new FTC focus on cosmetics.
Cosmetics Industry Awaits ‘Critical’ Safety Assessment Clarification Under China’s New Framework Reg
The China State Council’s January approval of an overarching Cosmetics Supervision and Administration Regulation promises to bring about long-awaited reforms. But draft regulations targeted for release in coming months will be key to the implementation of CSAR provisions, the Personal Care Products Council says.