FTC press release: FTC Sues Failed Website, Toysmart.com, for Deceptively Offering for Sale Personal Information of Website Visitors (July 10, 2000) (Federal Trade Commission, press release, July 10, 2000 (FTC File No. 002-3274); FTC v. Toysmart.com, LLC, Civil Action No. 00-11341-RGS (D. Mass.))
A privacy policy that says customer data will never be shared does not lapse when the company fails: the FTC went to federal court to stop the sale of the list in liquidation.
Dated 17 Oct 2026Source checked 17 Oct 2026Basis: primary text
In the source's own words
“The Federal Trade Commission today filed a complaint against Toysmart.com, LLC, and Toysmart.com, Inc., a failed Internet retailer of children's toys, in the United States District Court for the District of Massachusetts seeking injunctive and declaratory relief to prevent the sale of confidential, personal customer information collected on the company Web site in violation of its own privacy policy. ... "Even failing dot-coms must abide by their promise to protect the privacy rights of their customers," said Chairman Robert Pitofsky.”
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