The Federal Trade Commission has approved the sale of the former Penn Traffic supermarket located at 404 West Morris Street in Bath, New York, to Moran Foods, Inc., d/b/a Save-A-Lot, Ltd. The sale is required under an FTC order settling charges that Tops Markets’ January 2010 acquisition of the bankrupt Penn Traffic Company supermarket chain […]
Monthly Archives: January 2012
FTC Action Bans Payment Processor from Using a Novel Payment Method to Debit Accounts
A payment processor and two of its principals are now banned from using a new payment method to process electronic payments under a settlement with the Federal Trade Commission, which resolves charges that they debited consumers’ bank accounts without their consent. The settlement furthers the FTC’s ongoing efforts to protect financially-strapped consumers during the economic […]
Membership Reward Service Aimed at College Savers Settles FTC Charges That Its ‘TurboSaver Toolbar’ Feature Deceptively Collected Consumers’ Personal Information
A membership reward service aimed at consumers trying to save money for college has agreed to settle FTC charges and will be barred from its allegedly deceptive practice of using a web-browser toolbar to collect consumers’ personal information without adequately disclosing the extent of the information it is collecting. The settlement with Upromise Inc. is […]
Administrative Law Judge Upholds FTC’s Complaint Against Ohio Hospital Deal, Orders ProMedica to Divest St. Luke’s Hospital
In an Initial Decision announced today, Chief Administrative Law Judge D. Michael Chappell ruled that ProMedica Health System, Inc.’s consummated acquisition of rival St. Luke’s Hospital harmed competition in violation of U.S. antitrust law and would allow ProMedica to raise the prices of general acute care inpatient hospital services in Lucas County, Ohio (the Toledo […]
FTC Action Protects Competition in Market for Iron Pipe Fittings Used in Municipal Water Systems
The Federal Trade Commission has filed complaints against the three largest U.S. suppliers of ductile iron pipe fittings, which are used in municipal water systems around the United States. The FTC charged that the three companies, McWane, Inc., Star Pipe Products, Ltd., and Sigma Corporation, illegally conspired to set and maintain prices for pipe fittings, […]