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federal-trade

FTC sues 1-800 Contacts over online search advertising

By Diane Bartz WASHINGTON (Reuters) – U.S. antitrust enforcers filed a complaint against 1-800 Contacts on Monday, alleging that the online contact lens seller reached agreements with 14 rivals which would hamper consumers seeking to compare prices. The Federal Trade Commission alleged in an administrative complaint that 1-800 Contacts had reached agreements with 14 other online contact lens retailers that they would not advertise to customers who had searched online for 1-800 Contacts. “1-800 Contacts has aggressively policed the bidding agreements, complaining to competitors when the company has suspected a violation, threatening further litigation, and demanding compliance,” the complaint said.

FTC sues DeVry, alleging school deceived students about job prospects

The U.S. Federal Trade Commission filed a lawsuit against DeVry University, run by DeVry Education Group Inc, on Wednesday alleging the company deceived students about the prospect that they would find work. Share of DeVry were down 17.43 percent at $19.60 following the announcement of the FTC lawsuit around midday on Wednesday. The U.S. Department of Education, which has been cracking down on for-profit schools, said on Wednesday it had ordered DeVry to stop making certain claims about its graduates' employment.