FTC Approves Final Order Settling Charges that Star Pipe Products, Ltd. Acted Anticompetitively in Market for Municipal Water System Iron Pipe Fittings
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Star Pipe Products, Ltd. engaged in illegal anticompetitive practices to protect its share of the market for ductile iron pipe fittings used in municipal water systems nationwide. In settling the FTC's charges, Star has agreed not to use similar anticompetitive tactics in the future.
The FTC previously settled similar charges against Sigma Corporation, and has also charged another industry competitor, McWane, Inc. with acting anticompetitively in the market for iron pipe fittings. The complaint against McWane is scheduled to be heard by an administrative law judge at the Commission later this year.
The Commission vote approving the final settlement order with Star was 4-0-1, with Commissioner Maureen K. Ohlhausen not participating. The order can be found on the FTC's website and as a link to this press release. (FTC File No. 101-0080, Docket No. 9351; the staff contact is Linda Holleran, Bureau of Competition, 202-326-2267; see press release dated January 4, 2012.
FTC Approves Final Orders Settling Charges that Auto Dealers Falsely Promised to Pay Off Consumers' Trade-ins, No Matter What They Owed
Following a public comment period, the Federal Trade Commission has approved final orders settling charges that five automobile dealers made deceptive claims that they would pay off the remaining balance on consumers' trade-ins, no matter what they owed. The FTC's complaint alleged that despite their advertisements, Billion Auto, Inc.; Frank Myers AutoMaxx, LLC; Key Hyundai, LLC and Hyundai of Milford LLC; and Ramey Motors, Inc., actually rolled the negative equity on the trade-ins into customers' new car loans. The final orders prohibit the auto dealers from making these types of deceptive claims.
The Commission vote approving each final order and letters to members of the public who commented on them was 4-0-1, with Commissioner Maureen K. Ohlhausen not participating. (FTC File Nos. 112-3204, 112-3206, 112-3207, and 112-3209; the staff contact is Robin Thurston, Bureau of Consumer Protection, 202-326-2752; see press release dated March 14, 2012.
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