Appellate Panel Tosses Challenge to CFTC Action After Settlement with Private Regulator

(CN) – The 11th Circuit ruled that an action brought by a self-regulatory commission does not preclude subsequent action by a government regulatory agency after an appeal by Southern Trust Metals Inc., which was found guilty of fraud for misleading customers about metal commodities purchases and charging interest on fraudulent loans.

Read more

No Warning on Cereals

California’s Second Appellate District granted Post Foods’, General Mills’ and Kellogg’s request to vacate the L.A. Superior Court’s denial of summary judgment to the cereal giants, who say they should not have to post cancer warnings because cereals contain acrylamide, because to do so would preempt federal law and could mislead consumers into avoiding whole grains.

Read more