Seasilver Appeals $120 Million FTC PaymentSeasilver(r) and related parties are appealing a $120 million "avalanche" payment demanded by FTC in connection with a 2003 settlement of advertising and labeling issues {U.S. District Court, District of Nevada CV-S-03-0676-RLH-(LRL)}. Seasilver is one of the few fully-compliant producers of nutritional supplements in a field where many of its competitors continue to routinely make claims that would result in closure of their operations if the FTC chose to enforce the applicable regulations. While appealing the $120 million avalanche payment, Seasilver continues to service customers and fulfill orders, and continues to raise funds that would eventually pay off the original settlement.
Carlsbad, CA (PRWEB) July 27, 2006 -- Seasilver(r) and related parties are appealing a $120 million "avalanche" payment demanded by FTC in connection with a 2003 settlement of advertising and labeling issues {U.S. District Court, District of Nevada CV-S-03-0676-RLH-(LRL)}. Since the 2003 intervention by FTC and its settlement with Seasilver USA, Seasilver(r) has produced its natural plant-based liquid nutritional product in compliance with all applicable regulations governing advertising and labeling, as well as all other regulations governing nutritional supplements and food-related products.
