International trade · 20/10/1999

US FTC Vacates Civil Penalty Imposed on Three Companies for Violating Consent Order

The US Federal Trade Commission (FTC) has vacated a $1,550,000 civil penalty imposed on San Huan New Materials High Tech, Inc., Ningbo Konit Industries, Inc., and Tridus International, Inc. for violating a consent order issued in 1995, and dismissed a formal enforcement proceeding initiated in 1996.