FOR RELEASE: JANUARY 25, 1996 Boca Raton Telemarketers Agree To Pay $1.3 Million To Settle FTC Fraud Charges.
The defendants in a Federal Trade Commission action that halted an allegedly fraudulent scheme to sell overpriced business supplies by telephone have agreed to transfer their frozen assets totalling approximately $1.3 million to the Commission as part of the proposed settlement of the charges.
FOR RELEASE: JANUARY 19, 1996 FTC Challenges "Most Favored Nation" Clause in Tennessee Pharmacy Network Contract.
The Federal Trade Commission today announced that RxCare of Tennessee, Inc., the leading provider of pharmacy network services in that state, has agreed to settle charges that RxCare's use of a "most favored nation" clause discourages the pharmacies from discounting and thereby limits price competition among the pharmacies in their dealings with pharmacy benefits managers (PBMs) and third-party payers.
FOR RELEASE: JANUARY 19, 1996 FTC Sues Florida Suppliers of Deceptive Direct Mail Solicitations.
The Federal Trade Commission filed suit against Marketing Response Group, Inc. ("MRG") and its officers and affiliates for allegedly acting with numerous telemarketers nationwide to defraud consumers with direct mail promotions that falsely promise quick land sales, guaranteed awards, and free vacations. According to the FTC, MRG devises the promotions, creates the standard mail pieces, selects the mailing lists, and then prints, addresses, and mails the deceptive solicitations on behalf of its client-telemarketers.
For Your Information: JANUARY 18, 1996 Sun Company, Inc. Has Petitioned the FTC To Reopen and Set Aside a 1989 Consent Order
Sun Company, Inc. has petitioned the Federal Trade Commission to reopen and set aside a 1989 consent order that requires divestiture of certain light petroleum assets, and also mandates that Sun obtain Commission approval before acquiring any light petroleum products terminals or pipelines in certain parts of New York and Pennsylvania.
For Your Information: JANUARY 2, 1996 Oerlikon-Buhrle Holding AG has Requested FTC Approval.
Oerlikon-Buhrle Holding AG has requested Federal Trade Commission approval to divest its turbomolecular pump business by means of an initial public offering of stock in a wholly-owned Oerlikon-Buhrle subsidiary that operates the business.
For Your Information: JANUARY 2, 1996 HEALTHSOUTH Corporation, and its Subsidiary, ReLife of Tennessee, Inc., Have Applied for FTC Approval.
HEALTHSOUTH Corporation, and its subsidiary, ReLife of Tennessee, Inc., have applied for Federal Trade Commission approval to divest assets in Nashville Rehabilitation Hospital to Edgefield Rehabilitation L.L.C. Edgefield Rehabilitation L.L.C. was formed to acquire ReLife's majority interest in Nashville Rehabilitation Hospital, and its principals are William L. Samples and Buddy Duke, both private investors, and Pacific Capital, L.P.