
TINA Weighs in on New Rules for Investment Adviser Advertisements
After almost 60 years, it’s time to update advertising law.
May 2015: Plaintiffs filed an Amended Class Action Complaint to fix the defects in the original complaint. This amended complaint was stricken from the record because the case was not reopened after its dismissal.
April 2015: A class-action lawsuit was filed against Ateeco, Inc. for allegedly misleadingly representing the nutritional information on the labels of Pierogies, including the Four Cheese Medley, Broccoli & Aged Cheddar, and Feta & Spinach flavors. According to the complaint, the company does not use the serving size mandated by law and, as a result, understates the amount of calories, fat, and sodium in the products. For example, the package of full-size Pierogies uses a serving size of 3 Pierogies (114 grams) when the legally mandated serving size is actually 4 Pierogies (152 grams) and, if the company had used the legally mandated serving size of 4 Pierogies, the calories, fat, and sodium would have been 1.3 times the amount indicated on the label. In addition, plaintiffs claim that the company fails to adequately disclose the high sodium content in its products and fails to include the required disclosure statement that refers consumers to the nutrition information for sodium content. Later in April, a federal judge dismissed this action When a complaint is dismissed without prejudice, an amended version of the complaint can be refiled. for lack of subject matter jurisdiction. (Steinberg et al v. Ateeco, Inc., Case No. 15-cv-60912, S. D. FL.)
After almost 60 years, it’s time to update advertising law.
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Kate Knibbs, Wired
Hazel Cills, JEZEBEL