FTC Sues Electrowarmth Alleging False Claim Over Heated Fabric Mattress Pads

RTTNews | 946 dagar sedan
FTC Sues Electrowarmth Alleging False Claim Over Heated Fabric Mattress Pads

(RTTNews) - The Federal Trade Commission has sued Electrowarmth Products, LLC and its owner, Daniel Grindle, on allegations of making deceptive claims about the heated fabric mattress pads they sell for truck bunks. The FTC charged Grindle and Electrowarmth with violating the Textile Act and the Federal Trade Commission Act.

Ohio-based Electrowarmth sells mattress pads of varying sizes, with wires and thermostats that provide heat. The FTC alleges that Electrowarmth made false claims that its goods were made in USA, while they were actually made in China since 2019.

According to the complaint, Electrowarmth used U.S.-made textiles for mattress pads intended for use in truck bunks. Electrowarmth decided in 2019 to move production to China and stop using U.S.-made textiles as part of a cost-cutting move. However, it continued to market the heated mattress pads as "Made in USA," "Made in the USA since 1939," and "made-in-America products."

Electrowarmth also misled their customers by asking the Chinese manufacturer to make and package the products "exactly the same" as they were previously manufactured in the U.S., the complaint said.

The FTC claims that Grindle and Electrowarmth violated the Textile Act and the Federal Trade Commission Act by labeling and advertising the origin of the textiles used in their products as the United States, when these textile fiber products were wholly imported from China.

The FTC accuses Grindle and Electrowarmth of failing to accurately label imported products with the country of origin and falsely advertising imported products as "Made in the USA."

The agency's proposed order would stop Grindle and Electrowarmth from deceptively claiming that products were Made in USA, when in fact they were made in China. It also requires Grindle and Electrowarmth to make certain disclosures about the country of origin of any product subject to the Textile Fiber Products Identification Act, and to provide compliance reports.

The order also imposes an $815,809 monetary judgment, which is fully suspended due to Grindle's and Electrowarmth's inability to pay.

read more
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.
RTTNews | 4h 7minuter sedan
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 4h 50minuter sedan
Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.
RTTNews | 4h 58minuter sedan
Japanese Market Sharply Lower; Down 2.4%

Japanese Market Sharply Lower; Down 2.4%

Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 6h 1minuter sedan
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,800 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 6h 28minuter sedan
Thai Shares Tipped To Open Under Water Again On Friday

Thai Shares Tipped To Open Under Water Again On Friday

The Thai stock market on Thursday ended the two-day winning streak in which it had advanced almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau and it's looking at another soft start again on Friday.
RTTNews | 6h 30minuter sedan
Soft Start Expected For Singapore Stock Market

Soft Start Expected For Singapore Stock Market

The Singapore stock market has tracked lower in four straight sessions, slumping almost 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,940-point plateau and it figures to open in the red again on Friday. The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump's tariff announcement. The European and U.S. markets were sharply lower and the Asian bourses are expected to open in similar fashion. The STI finished modestly lower on Thursday following losses from the banks and mixed performances from the properties and industrials. For the day, the index lost 11.98 points or 0.30 percent to finish at 3,942.23 after trading between 3,902.98 and 3,955.04.
RTTNews | 7h 0minuter sedan
Malaysia Bourse May Give Up Support At 1,500 Points

Malaysia Bourse May Give Up Support At 1,500 Points

The Malaysia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had picked up more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it may take further damage again on Friday.
RTTNews | 7h 30minuter sedan