IAC's Care.com Response To FTC Agreement, Says "Settlement Is In No Way A Validation Of FTC's Claims"
Portfolio Pulse from Benzinga Newsdesk
IAC has responded to an FTC agreement regarding Care.com, stating that the settlement does not validate the FTC's claims. This indicates a legal and regulatory development involving IAC and its subsidiary Care.com.
August 26, 2024 | 4:54 pm
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IAC has reached a settlement with the FTC concerning Care.com but asserts that this does not validate the FTC's claims. This development could have legal and regulatory implications for IAC.
The settlement with the FTC suggests a resolution to a legal issue, but IAC's statement that it does not validate the FTC's claims indicates ongoing contention. This could lead to neutral short-term impact as the market digests the implications.
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