A PYMNTS Company

FTC approves final orders settling Star Pipe Products; auto dealers’ negative equity ads

By  |  May 13, 2012

The FTC has approved a final order settling charges brought against Star Pipe Products. The settlement resolves claims that Star Pipe engaged in anticompetitive conduct to protect its share in the ductile iron pipe fittings market. Under the terms of the order, Star will not use similar practices in the future.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Separate final orders were approved by the FTC to settle charges of false advertisements made by automobile dealers. Billion Auto, Inc.; Frank Myers AutoMaxx, LLC; Key Hyundai, LLC and Hyundai of Milford LLC; and Ramey Motors, Inc. agreed not to make deceptive claims that they would pay off the remaining balance on trade-ins, when they actually rolled the negative equity onto new car loans.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full content: FTC Press Release

     

    Related content: Interview with Jon Leibowitz

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.