Diamond Shamrock Corporation
Volume 86 · 86 F.T.C. 200
Cite this decision
Diamond Shamrock Corporation, 86 F.T.C. 200 (1975). Consumer Law Library, https://consumerlawlibrary.org/decisions/v086-0014
Report an error in this record (decision id v086-0014)
Cited by 0 later FTC decisions
Cites
Text (OCR of the scan at left; may contain errors)
IN THE MATTER OF DIAMOND SHAMROCK CORPORATION CONSENT ORDER, ETC., IN REGARD TO ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION ACT AND SEC. 8 OF THE CLAYTON ACT Docket C-z(jX!;; Cml/plaint, July 197. Deci. irm, July, 1.975 COOiient order requiring a Cleveland, Ohio, energy company, among other things to cease permitting any individual to serve on its board of directors if such individual is or would be at the same time a director of The Standard Oil Company, an Ohio Corporation, Appearances For the Commission: BaTTY L. Matter. For the respondent: .John A. Witson Cleveland, Ohio. COMPLAINT The Federal Trade Commission, having reason to believe that the above named respondents have violated the provisions of Section 8 of the Clayton Act, as amended, and Section 5 of the Federal Trade Commission Act, as amended, and that a proceeding in respect thereof would be in the interest of the public, issues this complaint, stating its charges as follows:
P ARAGRAPII 1. Respondent The Standard Oil Company (hereinafter referred to as Sohio) is a corporation organized and existing under and by virtue of the Jaws of the State of Ohio, maintaining its principal place of business at 101 W. Prospect Ave., Cleveland, Ohio. At all times relevant to this complaint, Sohio had capital, surplus, and undivided profits aggregating in excess of $1 milion. In 1972, Sohio had sales and operating revenues of $1,446 6:1(; 000.
PAR. 2. Respondent Diamond Shamrock Corporation (hereinafter referred to as Diamond Shamrock) is a corporation organized and existing under and by virtue of the laws of the State of Delaware O(J FEDERAL TRADE COMMISSION DECISIONS Complaint 8H F.
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, and shall within sixty (60) days submit copies of those lists provided by all current directors of Sohio pursuant to Paragraphs Il and I Il designating all other corporations of which they are directors.