The US FTC settles illegal information exchange allegations with hair restoration company (Bosley)

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Reference

United States Federal Trade Commission, 8 April 2013, Bosley, Inc.

On April 8, 2013, the Federal Trade Commission (FTC) announced a proposed settlement with hair restoration company Bosley, Inc. to resolve allegations that Bosley illegally exchanged competitively sensitive, nonpublic business information with competitor HC (USA), Inc., commonly known as Hair Club. According to the FTC, these exchanges facilitated coordination and endangered competition in violation of Section 5 of the Federal Trade Commission Act, which broadly prohibits unfair competition. In its complaint, the FTC

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  • Kirkland & Ellis (New York)
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  • Skadden, Arps, Slate, Meagher & Flom (New York)
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  • Clifford Chance (Washington D.C.)
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  • Skadden, Arps, Slate, Meagher & Flom (New York)
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Quotation

Ian G. John, Neal R. Stoll, Sharis A. Pozen, Karen Hoffman Lent, The US FTC settles illegal information exchange allegations with hair restoration company (Bosley), 8 April 2013, e-Competitions Bulletin April 2013, Art. N° 51648

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