Federal agency seeks records in its investigation of industry pricing.
The Federal Trade Commission (FTC) recently filed a petition in federal court, urging Total Wine to comply with an FTC civil investigative demand (CID). The request for documents and information is part of an ongoing antitrust investigation into Southern Glazer’s Wine & Spirits, LLC. The company has refused to comply with the request for over four months, hindering the investigation.
“A civil investigative demand issued by the FTC is not a voluntary request, it is a demand made by the federal government that companies must comply with,” said Henry Liu, Director of the FTC’s Bureau of Competition. “Failing to comply with a CID ultimately hinders the FTC’s ability to protect consumers and businesses from anticompetitive practices. The FTC will not hesitate to use the full force of the law and take companies to court if they fail to comply.”
As the Lord Leads, Pray with Us…
- For commissioners of the FTC as they seek information on anticompetitive practices.
- For the judge of the federal court to be prudent in his ruling regarding the documentation.
Sources: Federal Trade Commission
