Music Retailers Association Settles FTC Pricing Suit

Law360, New York (March 4, 2009, 12:00 AM EST) -- The National Association of Music Merchants Inc. has reached a voluntary settlement with the Federal Trade Commission over its allegations that NAMM enabled members to establish unfair minimum advertised prices and raise retail prices.

In its complaint, the FTC alleged that between 2005 and 2007, NAMM sponsored potentially collusive meetings in which competing member organizations coordinated efforts to increase retail prices and shared information about their retail strategies, in violation of Section 5 of the Federal Trade Commission Act.

Per the consent order's terms, NAMM agrees...
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