Kennecott Copper Corporation
Volume 78 · 78 F.T.C. 744
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Kennecott Copper Corporation, 78 F.T.C. 744 (1971). Consumer Law Library, https://consumerlawlibrary.org/decisions/v078-0092
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In toe Martrer oF KENNECOTT COPPER CORPORATION ORDER, OPINION, ETC., IN REGARD TO THE ALLEGED VIOLATION OF SEC. 7 OF THE CLAYTON ACT Docket 8765. Complaint, Aug. 5, 1968—Decision, May 5, 1971 Order requiring the nation’s largest copper mining corporation with headquarters in New York City to divest itself within six months of the largest coal producer in the United States with headquarters in. St. Louis, Mo., and not to make further acquisitions in the coal industry for the next ten years without prior Federal Trade Commission approval. ComMPLAINT The Federal Trade Commission has reason to believe that Kennecott Copper Corporation, a corporation, has acquired the business 744 ‘FEDERAL TRADE COMMISSION DECISIONS Complaint 78 ETC.
(g). Their business is other than selling hearing aids to the public for a profit.
2. Misrepresenting in any manner:
(a) The nature or purpose of their business. (b) The education or training of their sales personnel. (c) The efficacy of their hearing aids. 8. Failing to deliver a copy of this order to cease and desist to all operating divisions of the corporate respondents and to all officers, managers and salesmen, both present and future, and any other person now engaged or who becomes engaged in the sale of hearing aids as respondents’ agent, representative or employee; and failing to secure a signed statement from each of said persons acknowledging receipt of a copy thereof. 4. Failing to notify the Commission at least thirty (30) days prior to any proposed change in the corporate respondents such as dissolution, assignment or sale resulting in the emergence of a successor corporation, the creation or dissolution of subsidlaries or any other change in the corporations which may affect compliance obligations arising out of the order. It is further ordered, That the initial decision, as modified by the accompanying opinion, and as above modified, be, and it hereby is, adopted as the decision of the Commission. , It is further ordered, That the respondents herein shall, within sixty (60) days after service upon it of this order, file with the Commission a report, in writing, setting forth in detail the manner and form in which it has complied with this order.