Deceptive trade practices are actions that give a company an unfair advantage in the marketplace through lying or false advertising and are prohibited by Ohio statutes. Companies should honor all advertisements by matching the listed price and supplying a reasonable amount of that product, and they should never advertise goods or services that they do not intend to supply to their customers. Any advertised or displayed price reductions should also be accurate and honest about the previous price.
A settlement has been reached in the patent dispute between SecureBuy, LLC, and Ohio-based CardinalCommerce Corporation. In November 2013, SecureBuy initiated a lawsuit against Cardinal in a federal court that contested the latter's patents with the U.S. Patent and Trademark Office. Both organizations deal in online security. SecureBuy, a security firm with an emphasis on safeguarding online purchases, has since acknowledged the validity of Cardinal's patents and withdrawn its litigation. The issue concerned Cardinal's inventions concerning the Universal Merchant Platform and its role in authenticating payments on the Internet.
Ohio consumers count on fair competition to ensure that they are getting the best prices for their products and services. Unfortunately, some companies behave unethically, which ultimately hurts consumers. Thankfully, in the long run, these unfair practices are uncovered, and through business litigation the companies are held responsible for their actions.
A defunct funeral home owner in Ohio was charged with theft and fraud after accepting payments from clients. The 45-year-old woman was indicted Dec. 20 on 51 counts that included engaging in corrupt activity, tampering with records and violation of pre-needs contracts. The woman owned and operated the funeral home with her husband.
Ohio casino industry analysts were watching developments as the Las Vegas gambling giant Sands Corp. was ordered by the U.S. government to pay $47.4 million under a 10-day deadline to avoid prosecution. The business litigation fell onto the casino company after federal authorities said that it had failed to tell them that a suspected international drug smuggler was making suspicious deposits while gambling at its Venetian-Palazzo hotel and casino.