J. C. Best, Inc
Volume 75 · 75 F.T.C. 922
product labelingdeceptive advertising
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J. C. Best, Inc, 75 F.T.C. 922 (1969). Consumer Law Library, https://consumerlawlibrary.org/decisions/v075-0086
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IN THE MATTER OF J. C. BEST, INC., ET AL.
CONSENT ORDER, ETC., IN REGARD TO THE ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION AND THE TEXTILE FIBER PRODUCTS IDENTIFICATION ACTS Docket C-1535. Complaint, May 22, 1969—-Decision, May 22, 1969 Consent order requiring a Braintree, Mass., retailer of rugs and carpeting to cease misbranding and falsely advertising its textile fiber products. Syllabus 15 F.T.C.
rights or privileges to be divested be sold or transferred, directly or indirectly, to any person who is at. the time of the divestiture an officer, director, employee or agent of, or under the control or direction of, Mississippi River Corporation or any of its subsidiaries or affiliates, or who owns or controls, directly or indirectly, more than one (1) percent of the outstanding shares of voting stock of Mississippi, River Corporation, or any of its subsidiaries or affiliates. , It is further ordered, That for a period of ten (10) years respondent shall cease and desist from acquiring, directly or indirectly, without the prior approval of the Federal Trade Commission, the whole or any part of the share capital or other assets of any corporation engaged in the sale of ready-mixed concrete or concrete. products within respondent’s present or future marketing area for portland cement or which purchased in excess of 10,000 barrels of. portland cement in any of the five (5) years preceding the merger.
It is further ordered, That respondent shall, within sixty (60) days from the date of service of this. order and every sixty (60) days thereafter until divestiture is fully effected, submit to the Commission a detailed written report of its actions, plans, and progress in complying with the divestiture provisions of this order, and fulfilling its objectives. All reports shall include, among other things that will be from time to time required, a summary of all contacts and negotiations with potential purchasers of the stock, assets, properties, rights or privileges to be divested under this order, the identity of all such potential purchasers, and copies of all written communications to and from such potential purchasers.
Commissioner MacIntyre not participating.