FTC Probing Instrument, Audio Cos.: Report

Law360, New York (October 23, 2008, 12:00 AM EDT) -- The U.S. Federal Trade Commission is reportedly investigating whether makers of musical instruments and audio equipment have illegally prevented retailers from offering discounts.

The investigation has been underway since last year and a number of companies have been subpoenaed, the Wall Street Journal has reported, citing anonymous sources.

The investigation concerns minimum advertised price requirements, a practice by which manufacturers set a minimum on the price for which retailers can advertise a product — though not on the price for which they can ultimately sell it,...
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