7-Eleven Agrees to $4.5 Million Settlement in FTC Antitrust Case
Summary
7-Eleven and its parent company have agreed to a $4.5 million settlement with the Federal Trade Commission (FTC) due to alleged violations of a 2018 consent order. The FTC stated on December 8th that this penalty is the largest civil penalty ever collected in an FTC case involving a prior-notice violation and the largest negotiated settlement in the FTC Bureau of Competition’s history. The case centers around antitrust concerns, with the FTC alleging that 7-Eleven did not adhere to the stipulations outlined in the previous agreement.
(Source:The Epoch Times)