Case Details

Year Initiated/Committed

1995

Year Resolved

1997

Settlement Amount

$80,000

Court

State settlement not filed, FTC action filed in U.S. District Court for the Eastern Dist. of Missour

Docket Number

FTC Docket No. C-3585, 4:97CV-813CEJ

Lead State

MO

Participating States

IL, MO

Defendant(s)

Schnucks Markets, Inc., National Holdings, Inc. (National Supermarkets)

Case Description

States and Federal Trade Commission investigated regional impact of merger between two prominent grocery store chains and reached agreement that supplemented terms agreed to between merging parties and FTC. Following the merger, FTC and States alleged, inter alia, that acquiring party did not adequately maintain properties to be divested. Subsequent settlements were reached by the FTC and the States resolving those concerns and making certain properties more marketable for divestiture or subleases.