Class-Actions Increasing As Fallout From Regulatory Action
This article was originally published in The Tan Sheet
Executive Summary
Using marketing claims that overstep cosmetic boundaries can land firms in class-action suits that sap resources and drag on for years, attorneys noted at the ACI Legal, Regulatory and Compliance Forum on Cosmetics. Speakers provided examples and tips for staying out of court.
You may also be interested in...
“Piggyback” Lawsuits Spur NAD To Clarify Purpose Of Investigations
Class-action lawsuits filed following National Advertising Division decisions raise concerns among firms participating in NAD’s self-regulatory process. The advertising industry’s voluntary self-regulation program clarifies that its findings do not indicate any laws have been violated.
FDA Warning To Skin Care Firm Shows Perils Of Cosmetics-To-OTC Transition
FDA's warning letter saying skin care product firm MW Laboratories marketed unapproved new drugs illustrates the potentially perilous transition from offering cosmeceuticals to marketing OTC drugs
China Regulatory Probe Slows Nu Skin Growth After Record Year
The firm’s recent explosive growth is expected to slow substantially in the first quarter – to between 20% and 24% – but Nu Skin is confident the steps it is taking in China “make our long-term success more likely.” Analysts have faith in the firm as it works with Chinese officials to resolve an investigation into its business practices.