[Federal Register Volume 62, Number 127 (Wednesday, July 2, 1997)]
[Notices]
[Page 35816]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17358]
-----------------------------------------------------------------------
FEDERAL TRADE COMMISSION
[Dkt. C-3739]
American Cyanamid Company; Prohibited Trade Practices, and
Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
-----------------------------------------------------------------------
SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair or deceptive acts or practices and unfair methods of
competition, this consent order prohibits, among other things, a New
Jersey-based distributor of agricultural herbicides and insecticides
from conditioning the payment of rebates or other incentives on the
resale prices its dealers charge for their products, and from agreeing
with its dealers to control or maintain resale prices. The consent
order requires the respondent, for three years, to post clearly and
conspicuously a statement, on any price list, advertising or catalogue
that contains a suggested retail price, that dealers remain free to
determine on their own the prices at which they sell the company's
products. In addition, the respondent must mail a letter containing
this statement to all current dealers, distributors, officers,
management employees and sales representatives.
DATES: Complaint and Order issued May 12, 1997.\1\
\1\ Copies of the Complaint, the Decision and Order, and
statements by Chairman Pitofsky, and Commissioners Steiger, Varney,
Azcuenaga and Starek are available from the Commission's Public
Reference Branch, H-130, 6th Street & Pennsylvania Avenue NW.,
Washington, DC 20580.
---------------------------------------------------------------------------
FOR FURTHER INFORMATION CONTACT:
Michael Antalics, FTC/S-2627, Washington, DC 20580, (202) 326-2821.
SUPPLEMENTARY INFORMATION: On Tuesday, February 11, 1997, there was
published in the Federal Register, 62 FR 6255, a proposed consent
agreement with analysis In the Matter of American Cyanamid Company, for
the purpose of soliciting public comment. Interested parties were given
sixty (60) days in which to submit comments, suggestions or objections
regarding the proposed form of the order.
No comments having been received, the Commission has ordered the
issuance of the complaint in the form contemplated by the agreement,
made its jurisdiction findings and entered an order to cease and
desist, as set forth in the proposed consent agreement, in disposition
of this proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interprets or applies sec. 5,
38 Stat. 719, as amended; 15 U.S.C. 45)
Benjamin I. Berman,
Acting Secretary.
[FR Doc. 97-17358 Filed 7-1-97; 8:45 am]
BILLING CODE 6750-01-M
