NVE Pharmaceuticals

A lawsuit was filed against the company claiming it misled consumers by making false and misleading claims about the safety and effectiveness of its products. The lawsuit claimed NVE violated the New Jersey State Consumer Fraud Act through ads that exaggerated the benefits and minimized the risks of Stacker-2 and other Ephedra based supplements. The settlement requires NVE and its president Robert Occhifinto to pay a $260,000 settlement to the state of New Jersey. (Aug-16-06) [DAILY RECORD]

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