Sears, Roebuck and Coo
Volume 66 · 66 F.T.C. 371
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Sears, Roebuck and Coo, 66 F.T.C. 371 (1964). Consumer Law Library, https://consumerlawlibrary.org/decisions/v066-0023
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- 65 F.T.C. 924 — GOLDEN PRESS, INC followed
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In THe Marrer or SEARS, ROEBUCK AND Coo.
ORDER, ETC., IN REGARD TO THE ALLEGED VIOLATION OF SEC. 2(f) OF THE CLAYTON ACT Docket 8069. Complaint, Aug. 4,1960—Decision, July 81, 1964 Order dismissing—following findings in the companion Section 2(a) case, Universal-Rundle Corp., Docket 8070, 65 F.T.C. 924, that the “Homart” brand fixtures sold to Sears and those sold under the manufacturer's brand name were not of like grade and quality, and consequent dismissal of the charge— SEARS, ROEBUCK AND CO. 371 829 Sylabus than one (1) percent of the stock of respondents, shall be an officer, director or executive employee of any new corporation described in paragraph IV, or shall own or control, directly or indirectly, more than one (1) percent of the stock of any new corporation described in paragraph IV.
VI Any person who must sell or dispose of a stock interest in respondents or the new corporation described in paragraph IV in _ order to comply with paragraph V of this order may do so within six (6) months after the date on which distribution of the stock of the said corporation is made to stockholders of respondents. vit As used in this order, the word “person” shall include all members of the immediate family of the individual specified and shall include corporations, partnerships, associations and other legal entities as well as natural persons.
vi Respondents shall periodically, within sixty (60) days from the date this order becomes final and every ninety (90) days thereafter until divestiture is fully effected, submit to the Commission a detailed written report of their actions, plans, and progress in complying with the provisions of this order and fulfilling its objectives.
It is further ordered, That the initial decision as supplemented by the accompanying opinion and as modified herein be, and it hereby is, adopted as the decision of the Commission. Commissioner Reilly not participating for the reason that he did not hear oral argument.