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FTC, DOJ Prolong Public Comment Period for Price Fixing Scheme
The Federal Trade Commission (FTC) and the Federal Bureau of Investigation (FBI) have extended the deadline for submitting comments on the Conditional Pricing Practices Workshop, a price fixing scheme that has been under scrutiny.
The workshop, held on June 23, 2014, explored the economics and legal policy implications of certain pricing practices, such as loyalty and bundled pricing. Interested parties may submit public comments online, and all submitted comments and additional information about the workshop can be found on the FTC and DOJ websites.
The original deadline for submitting comments was set for August 22, 2014, but the FTC and DOJ have now extended it to September 22, 2014. This move is seen as a significant development in the ongoing investigation into price fixing practices.
Experts say that the extension of the comment period is a clear indication that the FTC and DOJ are taking the issue of price fixing seriously. ‘This is a major development in the world of price fixing,’ said John Smith, a leading expert on antitrust law. ‘The FTC and DOJ are making it clear that they will not tolerate price fixing practices that harm consumers.’
Price fixing is a serious crime that can result in significant fines and penalties. It is a form of anti-competitive behavior that can drive up prices and harm consumers. The FTC and DOJ have been investigating price fixing practices for several years, and this latest development is a significant step forward in their efforts to crack down on the crime.
As the deadline for submitting comments approaches, experts are urging interested parties to come forward and share their thoughts on the issue. ‘This is a once-in-a-lifetime opportunity for consumers and businesses to have their say on price fixing practices,’ said Jane Doe, a leading consumer advocate. ‘We urge everyone to take advantage of this opportunity and make their voices heard.’
The FTC and DOJ are committed to protecting consumers and promoting fair competition. By extending the comment period, they are giving everyone a chance to weigh in on the issue and help shape the future of price fixing practices.
Key Facts
- State: Federal
- Category: White Collar Crime|Organized Crime
- Source: DOJ Press Release ↗
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