Is it your position that the majority of these terminated settlements were initially brought by POP against MOM and POP companies? That you've protected small businesses through your actions? The majority of these [terminated settlements] were based on enforcement actions that we did not have the authority or were inconsistent with our guidelines that we have put forward. Okay, so the beneficiaries. According to Bloomberg, 70% of the beneficiaries from your canceled settlements were firms that had more than $500 million in annual revenue listed on the S&P 500. (04:15–04:24)
CLAIM
Asserts that most terminated settlements were due to lack of authority or inconsistency with guidelines.
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