Consumer Law LibrarySearchBy decadeBy respondentBy topicBy outcomeDataAbout

United States Steel Corporation

Volume 77 · 77 F.T.C. 1646

Citation
77 F.T.C. 1646
Docket
8655
Decision
1970-09-25
Document type
interlocutory order
Case type
antitrust
Industry
steel
Outcome
other
Source
Original volume PDF
Original PDF
This decision as a PDF

merger acquisition

Extraction note: this decision's boundaries or caption were hard to read automatically; check the source volume.

Cite this decision

United States Steel Corporation, 77 F.T.C. 1646 (1970). Consumer Law Library, https://consumerlawlibrary.org/decisions/v077-0239

Report an error in this record (decision id v077-0239)

Order status: unknown. Sunset may be extended by the latest qualifying federal-court complaint alleging an order violation; complaints, dismissal/appeal outcomes, and respondent-specific extensions are not fully tracked.

Cited by 3 later FTC decisions

Cites

Text (OCR of the scan at left; may contain errors)

UNITED STATES STEEL CORPORATION Docket 8655. Order, Sept. 25, 1970 Order reopening case and remanding it to hearing examiner for receipt of evidence with respect to four issues pursuant to a decision of the Court of Appeals, Sixth Circuit.

Orver REopentnG Procerpinc AND Remanpine Case To Hearing EXAMINER The United States Court of Appeals for the Sixth Circuit issued on May 6, 1970 [8 S. & D. 1154], is opinion and order remanding the above-entitled cause for further findings of fact and further proceeding in light of the Supreme Courts holding in Citizen Publishing Co. v. United States, 394 U.S. 131 (1969), as well as the views of the Court of Appeals set forth in its opinion. It is therefore ordered, That the proceeding be, and it hereby is, reopened, It is further ordered, That the matter be, and it hereby is, remanded to Hearing Examiner Lewis to begin hearings, in accordance with the opinion of the Court of Appeals, for the purpose of receiving evidence (including testimony of witnesses who have heretofore testified) with respect to the issues of whether (a) as of January 1963 the financial condition and resources of Certified Industries were so dire that it faced the grave probability of a business failure, (b) between January 1963 and April 1964 no o prospective purchaser other than United States Steel Corporation was interested in acquiring Certified, (c) “Certified’s opportunity for some form of continued competitive vitality through bankruptcy or similar proceedings” was “ “dim or non-existent’ ” either in January 1963 or = April 1964, and (d) the U.S. Steel-Certified vertical ties did in fact take an unlawful cast as early as January 1963.

It is further ordered, That upon termination of the hearings the hearing examiner shail on the basis of the entire record, enter his initial ‘decision confined to the issues hereinabove specified which shall be subject to review by the Commission under Subpart F of Part 3 ot the Commission’s Rules of Practice.

← 77 F.T.C. 1643 · 77 F.T.C. 1647 →