Federal Trade Commission vs. AMG Capital Management, LLC
Federal Trade Commission vs. AMG Capital Management, LLC, ___F.3d___, 2018 Westlaw 6273036 (9th Cir.): The Ninth Circuit Court of Appeals holds that a trial court correctly ordered equitable restitution of $1.27 billion due to a payday lender’s deceptive practices. Comment: seems unlikely that 1.27 billion can be collected from a payday lender, regardless of the amount stated in the judgment against the payday lender.