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My apologies. I should have said "recoverable" rather than "enforceable." I would assume that if a company is in trouble with the FTC, it's probably not in th
by jawns 8y ago
My apologies. I should have said "recoverable" rather than "enforceable."
I would assume that if a company is in trouble with the FTC, it's probably not in the best financial shape after paying even the costs associated with the suspended judgment. So if the FTC finds that the company made an omission and the full judgment comes due, will it actually recover that money? Or is the point to just fine them out of existence, without concern for actually recovering the money?
- deleted 8y ago[deleted]
- ceejayoz 8y agoIf the FTC discovers they've hidden assets, they can go back to court, reinstate the full penalty, and go after those assets. I suspect there'd be additional criminal charges like perjury available to them, as well.
- owenmarshall 8y ago> Or is the point to just fine them out of existence, without concern for actually recovering the money? That’s my read. The FTC seems to be hanging the sword of Damocles in a very public way. If this company doesn’t comply, a press release describing how the US government is absolutely wrecking them is probably worth not recovering all the judgement.