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27th June 14:07
External User
Posts: 1
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Yes, RUSH has bought all the musical instrument companies except
possibly Ibanez. It's simple, any musical instrument business not committing crimes simply is not owned by RUSH. Geddy Lee is a Jew and filthy Jew he is at that proven by his companies behaviors in society. This story really makes me happy, hitting RUSH where they're most sensitive. ------------------------------------------------------------------------------------------------------------------ http://online.wsj.com/article/SB1236..._whats_news_us Instrument Industry Settles Pricing Case Article By JOSEPH PEREIRA and JOHN R. WILKE The Federal Trade Commission and musical-instrument industry settled a case in which instrument retailers and manufacturers were accused of illegally sharing pricing and competitive tactics to discourage discounting. Antitrust enforcers said the 9,000-member National Association of Music Merchants was a forum for the illegal discussions, which included talk of policies where manufacturers coerced retailers to charge customers a minimum advertised price. In its investigation, the FTC found that between 2005 and 2007 NAMM organized various meetings for retailers to compare notes on restricting competition and securing higher retail prices. Similar discussions were held among manufacturers, said William Lanning, the lead attorney in the case. The FTC released no names of companies alleged to have met. The industry trade group, based in Carlsbad, Calif., includes among its members Fender Musical Instruments Corp., Yamaha Corp., Gibson Musical Instruments Corp. and retailer Guitar Center Inc. The settlement doesn't reflect an admission of wrongdoing. Scott Robertson, spokesman for NAMM, denied that the discussions ultimately "resulted in higher prices or any injury to consumers." According to people familiar with the matter, NAMM was issued a subpoena by the FTC in the spring of 2007 requesting various meeting minutes and other documents. Numerous companies in the $7.5 billion musical-instrument business, including Fender, Yamaha, Gibson, Guitar Center and the Tascam unit of TEAC Corp. were also issued subpoenas, these people said. The FTC collected sales records, various invoices and pricing policies, says one person familiar with the investigation. Representatives for Fender, Gibson and Guitar Center declined to comment on the FTC investigation when the agency's probe surfaced last fall. Spokesmen for Yamaha, Guitar Center and Tascam couldn't be reached immediately for comment on Wednesday. The FTC probe into the music-instrument industry is continuing. "Whether further allegations will be brought will be the Commission's decision," Mr. Lanning said. As part of the settlement, NAMM has been ordered to appoint an antitrust lawyer to ensure compliance at meetings and other events and to read a disclaimer advising participants not to discuss pricing and their respective minimum-price policies. The FTC has become more active in pursuing these anti-discounting policies since a controversial Supreme Court ruling two years ago that made it more difficult for companies to bring such antitrust suits. That high court decision in June 2007 reversed a 96-year-old precedent that banned minimum pricing arrangements between manufacturers and retailers. The 5-4 ruling said situations should now be considered on a case-by-case basis -- or rule of reason -- weighing the impact of pricing policies against free-market principles. The rule of reason clause raises the bar for legal challenges, legal experts say. |
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