On June 9, the Federal Trade Commission (FTC) announced its
approval, by a 5-0 vote, of the settlement of a complaint against U-Haul
International, Inc. (and its parent company AMERCO) alleging that U-Haul
attempted to collude with its competitor Budget to fix truck rental prices.
(The FTC did not name Budget as a defendant and did not assert that it had
engaged in any wrongdoing whatsoever). Although this is not the first action
brought by the FTC concerning an invitation to collude, it underscores the current
Commission's active scrutiny under Section 5 of the FTC Act of conduct that may
not be actionable under the federal antitrust laws.
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