Scott Paper Company
Volume 101 · 101 F.T.C. 862
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Scott Paper Company, 101 F.T.C. 862 (1983). Consumer Law Library, https://consumerlawlibrary.org/decisions/v101-0043
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IN THE MA'IER OF SCO'I PAPER COMPANY VACATING ORDER IN REGARD TO ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION ACT AND SEC. 7 OF THE CLAYTON ACT Doket 6559. Modified Order May S, 1964Vacating Order, Jrm 1983 This order reopens the proceeding and vacates in its entirety the Commission s order issued on May 8 1964 (65 F. C. 638). The Commission has determined that order provisions requiring prior Commission approval of future acquisitions generally should not have terms exceeding 10 years. ORDER VACATING CEASE AND DESIST ORDER ISSUED ON MAY 8 1964 By a petition fied on February 24, 1983, Scott Paper Company . ("Scott") requests that the Commission reopen the proceeding in Docket No. 6559 and vacate the order issued by the Commission on May 8 1964 (65 F. C. 638). Pursuant to Section 2.51 of the Commission s Rules of Practice, the petition was placed on the public record for comments. No comments were received.
Upon consideration of Scott's petition and supporting materials and other relevant information, the Commission finds that the public interest warrants reopening and vacating the order. In Columbian Rope Company, Docket No. G-1794 (100 F. C. 531), the Commission determined that order proviions requiring prior Commission approval offuture acquisitions generally should not have terms exceeding ten years. In most cases, the Commission believes that such prior approval provisions wil have served their remedial and deterrent purposes after ten years and that the findings upon which such provisions are based should not be presumed to continue to exist for a longer period of time. The perpetual prior approval provision in this case has been outstanding for 18 years. No particular circumstances warrant an exception from this general policy. Therefore, the Commission, in the exercise of its discretion, finds that it is appropriate to vacate the order.
Accordingly, it is ordered that this matter be, and it hereby is reopened and that the order in Docket No. 6559, issued by the Commission on May 8, 1964, be and it is hereby vacated. . Original Commission Order issued Dec. 16, 1960 (57 F. C. 1415). BORG-WARNER CORP., ET AL. 863 863 Compl int