FTC Ruling Against Major Labels Sparks Class-Action Suits
The gold rush is on in the wake of a <A HREF="http://www.ftc.gov/">Federal Trade Commission</A> decision effectively ending the music industry's policy of minimum advertised pricing (MAP) on compact discs. Attorneys in California and New York wasted no time in filing class-action lawsuits against the music industry's major conglomerates, following the <A HREF="http://www.stereophile.com/news/10744/">FTC's announcement</A> May 10 that it had reached a negotiated settlement with them over a longstanding noncompetitive pricing policy.