Gibson Responds To Conspiracy Allegations
February 10, 2010 at 10:35 AM (PT)
According to the NASHVILLE POST, GIBSON responded to a charge alleging that GIBSON colluded with other guitar manufacturers in a conspiracy to secure higher retail prices and said the charges were “wholly without merit.”
The suit alleges GIBSON and competitors YAMAHA and FENDER, met under the guise of NATIONAL ASSOICATION OF THE MUSIC MERCHANTS to set mandatory minimum prices for their products.
According to a press release from GIBSON: "These lawsuits stemmed from an investigation by the FEDERAL TRADE COMMISSION that lasted several years and was not pursued by the FTC after they concluded the investigation. The allegation that GIBSON participated in any scheme to artificially inflate or fix prices is wholly without merit. Unfortunately, that process will undoubtedly result in high costs to many organizations that, like GIBSON, strive to provide music lovers everywhere with quality instruments, and aggressively compete on price ."
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