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FEDDERS CORP. v. F. T. C.

No. 80 Civ. 0932 (GLG).

494 F.Supp. 325 (1980)

FEDDERS CORPORATION, Plaintiff, v. FEDERAL TRADE COMMISSION, Howard E. Shapiro and Carol M. Thomas, Defendants.

United States District Court, S. D. New York.

July 30, 1980.

Attorney(s) appearing for the Case

Weisman, Celler, Spett, Modlin & Wertheimer, New York City, for plaintiff; James David Jacobs, New York City, of counsel.

John S. Martin, Jr., U. S. Atty. for the Southern District of New York, New York City, by Jane E. Booth, Asst. U. S. Atty., New York City, for defendant United States of America.

Michael N. Sohn, General Counsel, Federal Trade Commission, W. Dennis Cross, Asst. Gen. Counsel, Washington, D. C., by Judith R. Schneider, New York City, Claude Trahan, Jr., Washington, D. C., Christopher G. Fitzpatrick, New York City, for defendant Federal Trade Commission.

OPINION

GOETTEL, District Judge:

Recent times have not been kind to the Fedders Corporation ("Fedders"), a manufacturer of air conditioning and heating products. Over the last six years (with the exception of 1978) the company has shown a consistent loss in operations. At the same time, and particularly within the last year, Fedders has also been the subject of a number of investigations into both its products and its practices conducted by the Federal Trade...

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