Iconix Brand to pay $250K for COPPA settlement
October 21, 2009 - United States Of America
Iconix Brand Group, Inc. announced that it had reached a settlement with the Federal Trade Commission relating to the FTC's claim that the Company had not complied with certain provisions of the Children's Online Privacy Protection Act in connection with on-line promotions that it ran for its brands in the Fall 2008.
While the Company believes that any non-compliance was inadvertent and did not result in any harm to children or other users of its sites, it agreed to the settlement in order to avoid the time and expense of a protracted dispute with the FTC.
As part of the settlement, in which the Company did not admit any wrongdoing, the Company has agreed to pay $250,000 and to post certain notices on its sites relating to its information collection practices.
The Company is committed to the protection of children's privacy online and upon first learning of the FTC's claims took immediate action to safeguard its sites in accordance with the FTC's COPPA guidelines.