FOR RELEASE: October 31, 1997 Defendants in FTC's "Project Jackpot" Enforcement Sweep Targeting Phony Prize Promotions Agree To Settle Charges
Multinet Marketing, LLC, related companies and their principals, have agreed to settle charges brought by the Federal Trade Commission and the Attorneys General of Vermont, Texas and Wisconsin in July 1996 as part of "Project Jackpot," a major federal/state enforcement effort targeting firms that fraudulently offered purportedly valuable prizes to consumers to induce them to purchase products such as a vacation or a diamond and sapphire bracelet.
For Your Information: October 31, 1997 Announced Actions for October 31, 1997
Consent agreements given final approval: Following a public comment period, the Commission has made final a consent agreement with the following entity.
For Your Information: October 24, 1997 Announced Actions for October 24, 1997
Applications for approval of transactions: The FTC has received an application for approval of a transaction from the following.
For Your Information: October 17, 1997 Announced Actions for October 17, 1997
Consent agreements given final approval: Following a public comment period, the Commission has made final a consent agreement with the following entities.
October 14, 1997
FOR RELEASE: October 14, 1997 Veronica Kayne Appointed Deputy Assistant Director of FTC's Competition Bureau
William J. Baer, Director of the FTC's Bureau of Competition has appointed Veronica Kayne, Deputy Assistant Director of the Bureau's NonMerger II Division. NonMergers II is one of two divisions at the FTC that investigates and litigates anticompetitive conduct unrelated to mergers.
FOR RELEASE: October 8, 1997 Valvoline Settles Charges
Ashland, Inc. has agreed to settle Federal Trade Commission charges that ads for the Valvoline Company's Teflon-containing TM8 Engine Treatment product were false and unsubstantiated. Valvoline is an unincorporated division of Ashland.