The FTC will send any undistributed redress funds to the U.S. Treasury. The settlement also contains reporting provisions that would assist the FTC in monitoring the defendants' compliance, and another provision that would permit the FTC to reopen the matter and seek more redress should the defendants be found to have misrepresented their financial conditions. The Commission vote to approve the settlement for filing in court was 3-2, with Commissioners Mary L. Azcuenaga and Roscoe B. Starek, III, dissenting. The complaint and proposed consent decree were filed in U.S. District Court for the Southern District of New York, in New York City, on March 19. This consent decree is for settlement purposes only and does not constitute an admission by the defendant of a law violation.
Consent decrees have the force of law when signed by the judge.