Back To The '90s: Retail Pricing Class Actions Return

Law360, New York (September 11, 2014, 10:36 AM EDT) -- In the 1950s and 1960s, many of the deceptive advertising cases brought by the Federal Trade Commission and state attorneys general involved challenges to alleged "fictitious price advertising" by retailers. Indeed, the FTC determined that deceptive price advertising was such a serious problem (e.g., with respect to the alleged misuse of manufacturers' suggested retail prices and references to purported "former" higher prices that were in fact rarely or never charged) that, in 1964, it issued "Guides Against Deceptive Pricing" to assist retailers in compliance.[1]...

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