American Beverage Association’s Every Bottle Back Recycling Initiative
Inquiry finds trade group overstates environmental benefits of recycling program.
Midland National Life Insurance
September 2014: A federal judge granted final approval of this settlement.
June 2014: A federal judge preliminarily approved a settlement to a class-action lawsuit against Midland National Life Insurance Company. The complaint, which was originally filed in 2011, alleges that, among other things, the company deceptively markets its deferred annuities. According to the complaint, Midland’s sales brochures market the annuities as a retirement vehicle with bonuses and asset accumulation linked to stock indexes and tax-deferred growth without also informing consumers that the company shifts the cost of bonuses and sales commissions to the consumers over time. According to the settlement terms, the benefit each class member is eligible to receive depends upon the status of the class member’s annuity as of the benefit determination date. For more information, go to www.VaccarinoSettlement.com. A final fairness hearing is scheduled for September 22, 2014. (Vaccarino et al v. Midland National Life Insurance Company and Does 1-100, Case No. 11-cv-05858, C. D. CA.).
For more information about the advertising of insurance, click here.
The Latest
Hair-Raising Claims by Unilever’s Nutrafol Reported to Regulators
TINA.org files complaint with the FDA and FTC over company’s hair growth claims.
Consumer Alert: Hair Growth Products
Supplement and serum companies are targeting consumers experiencing hair loss.
CATrends: Marketing Claims for Products Containing PFAS
Class-action lawsuits target human and environmentally-friendly claims.
Happy Mammoth Hormone Harmony
We’ve got some sad news: This supplement company’s health claims violate the law.