Endicott-Johnson Corporation
Volume 102 · 102 F.T.C. 1813
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Endicott-Johnson Corporation, 102 F.T.C. 1813 (1983). Consumer Law Library, https://consumerlawlibrary.org/decisions/v102-0046
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IN THE MATTER OF ENDICOTT-JOHNSON CORPORATION MODIFYING ORDER IN REGARD TO ALLEGED VIOLATION OF SEC. 5 OF THE FEDERAL TRADE COMMISSION ACT AND SEC. 7 OF THE CLAYTON ACT Docket 0-1009. CornenlOrder, Oct. 1965-Modifying Order, Nov. 17, 1983 On Nov 17, 1983, the Federal Trade Commision modified the order issued against Endicott-Johnson Corp. on Oct. 29, 1965 (68 F. 842). The modification eliminates the provision which prohibited the company from acquiring any concern engagd in the manufacture and sale offootwear in the U.S. without prior Commission approval.
ORDER MODIFYING CEASE AND DESIST ORDER ISSUED ON OCTOBER 29. 1965 On October 29 1965, the Federal Trade Commission, pursuant to Section 5 of the Federal Trade Commission Act and Section 11 of the Clayton Act, issued the consent order in this case against Endicott- Johnson Corporation prohibiting, for a period of twenty years, acquisitions of certain firms engaged in the manufacture or sale of shoes or footwear in the United States or the District of Columbia, without prior approval of the Commission.
The Commission has determined that absent special circumstances an order provision that requires prior Commission approval of acquisitions by the respondent should not exceed ten years in duration. In most cases, the Commission believes that such prior approval provisions will have served their remedial and deterrent purposes after ten years and that the findings upon which such provisions are based should not be presumed to continue to exist for a longer period oftime. The order in this case has been in effect for 17 years and the Commission has determined that no special circumstances warrant continued prior approval of respondent's acquisitions. The Commission therefore has determined that it would be in the public interest to modify its order in Docket No. 0-1009 to provide that prior approval will not be required aftr October 31, 1983.
On October 7, 1983 the Commission issued an order to show cause why the order in Docket No: 0-1009 should not be modified. The proposed modification was accepted by respondent. Accordingly, It is ordered That this matter be, and it hereby is, reopened and that the order in Docket No. 0-1009 be modified. Modifying Order 102 F.