Word: ftc
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Dates: during 1970-1979
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...second-year law student filed a complaint yesterday with the Federal Trade Commission (FTC) alleging that the Harvard Coop mislabeled the fur lining on the Coop's winter parkas. Christopher W. Altenbernd filed the complaint after the Coop stated last Tuesday that the fur on the parkas was actually coyote and not wolf as the coat labels said...
...turns out to be coyote "this would be a very clear violation of the Fur Products Labeling Act," Altenbernd said. The Act, passed in 1951, states that "a fur product shall be considered misbranded if its label contains any form of misrepresentation." The Act gives the FTC authority to enforce the provision...
...rubber company's tires through its gasoline stations in exchange for a commission from the tire manufacturer. Legal battling over such agreements began in 1951 when the Federal Trade Commission attacked a T.B.A. contract between Goodyear and Atlantic Richfield Co. In 1965 the Supreme Court upheld the FTC, and three years later, it held such contracts to be illegal in every instance...
...FTC complaint does not charge the companies with conspiring to bring about their dominant market position. Rather, it seeks to make illegal a form of business behavior known to antitrust lawyers as "conscious parallelism." According to the FTC, the companies-simply by keeping close watch on one another-were able to coordinate their pricing, production and marketing decisions in ways that restrained trade. The courts will have to determine whether these actions-which have not previously been held to be illegal-violate the antimonopoly laws. The FTC does not specify what it wants the companies to do in order...
While the FTC battle proceeds, the Administration is considering a mandatory program of allocating both crude oil and refined products to assure the survival of independent refiners and almost all of the independent gas stations. There is also the possibility that Congress will enact a law that would break up the big oil companies along functional lines. Currently, such legislation stands only a slim chance of passing. But if this winter brings fuel oil shortages or next summer brings a repetition of the gasoline scare, sentiment could swing in favor of such...