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Asset management: Risk allocation and liability profiles in technology contracts and outsourcings for asset managers
Increased regulatory burdens on asset management businesses have resulted in additional cost pressures.
Claims for deceptive trade practices and false advertising
New York Law Journal
United States | Publication | octubre 2024
New York General Business Law (GBL) Sections 349 and 350, modeled after the Federal Trade Commission Act, are intended to protect consumers from economic injuries caused by deceptive trade practices and misleading or false advertisements.
Under Section 349(a), it is unlawful to engage in “[d]eceptive acts or practices in the conduct of any business, trade or commerce or in the furnishing of any service in this state.” Section 349(h) extends the right of action to private individuals. Under Section 350, “[f]alse advertising in the conduct of any business, trade or commerce or in the furnishing of any service is declared unlawful.”
Read the full New York Law Journal article, "Claims for deceptive trade practices and false advertising."
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