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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.

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.

Full content: FTC Press Release

 

Related content: Interview with Jon Leibowitz

 

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