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Ross Stores pays $3.9 million fine for defective kids’ clothing
Pleasanton, Calif. -- Ross Stores has agreed to pay a $3.9 million fine to the Consumer Product Safety Commission (CPSC) for neglecting to inform the commission within a mandated 24-hour period that it sold or stocked in stores roughly 23,000 pieces of children’s apparel with drawstrings located at the neck or waist between January 2009 and February 2012. Sales of children’s clothing with these types of drawstrings has been officially banned in the U.S. since 2011 and subject to voluntary restrictions since 1996.
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NRF responds to FTC investigation of patent trolls
WASHINGTON — The National Retail Federation welcomed today’s announcement that the Federal Trade Commission plans to investigate patent trolls.
“Patent trolls are a drain on the economy,” NRF SVP and general counsel Mallory Duncan said. “It’s time for Washington to put an end to this abuse of our nation’s laws. Seeing this issue receive top-level attention from the FTC is a significant development.”