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QVC Settles FTC Charges
Posted: March 24, 2009
According to The Associated Press, the Federal Trade Commission announced that QVC Inc. made a $7.5 million payment to settle government charges that QVC made false claims about dietary supplements and an anti-cellulite skin cream. QVC senior vice president and general counsel Larry Hayes says the company doesn't believe its ads were deceptive, but agreed to the settlement to avoid further legal expenses.
The settlement requires QVC to pay $6 million to consumers who bought the products and a $1.5 million civil penalty. It was approved by a federal judge in Philadelphia on March 4.