Restored Balance, Inc. and its owners allegedly violated the Tennessee Consumer Protection Act by failing to substantiate health claims related to their product Estriol. As a result of the State's investigation, the parties entered into an Assurance of Voluntary Compliance. Under the terms of the Assurance, Restored Balance and its owners agreed to cease providing hormone replacement therapy from or within Tennessee...Restored Balance filings.
In February 2015, Tennessee entered into a settlement with S&P resolving allegations from the State's complaint that S&P misled investors when it rated structured finance securities in the lead-up to the 2008 financial crisis. The State had alleged that, despite S&P's repeated statements emphasizing its credit ratings analysis was independent and objective, the credit rating agency allowed its analysis to be influenced by its desire for increased revenue and market share. These misrepresentations concerned the structured finance securities that S&P rates, including residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDO)...S&P filings.
Wholesale, Inc. located in Middle Tennessee, allegedly violated the Tennessee Consumer Protection Act by sending mailers to Tennesseans and service members residing near the Fort Campbell Military Post. As a result of the settlement, Wholesale must maintain proof to support all advertising claims and develop policies and procedures for reviewing and approving its advertisements. In addition, Wholesale agreed to pay the State $50,000. Wholesale denied any wrongdoing...Wholesale, Inc. filings.