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Case Summary
FTC v. Solomon Trading Co.
FTC v. Solomon Trading Co., No. 91-cv-1184-PHX (SMM) (D. Ariz. 1994).
Précis
Defendants Solomon Trading Co., Inc. and Fred Hyde (one of Solomon’s founders, as well as an officer active in the company’s day-to-day proceedings) telemarketed Erte prints, representing the artworks as excellent, low-risk investments. The defendants, however, actually marked up the prints 100% over their wholesale price. The plaintiff Federal Trade Commission (“FTC”) moved for
summary judgment
A judgment granted on a claim or defense about which there is no genuine issue of material fact and upon which the movant is entitled to prevail as a matter of law. The court considers the contents of the pleadings, the motions, and additional evidence adduced by the parties to determine whether there is a genuine issue of material fact rather than one of law. This procedural device allows the speedy disposition of a controversy without the need for trial (Black’s Law Dictionary (8th ed. 2004)).
summary judgment against the defendants. The Court found that . . . .
Associated Legal Decision(s)
Associated Statutes and/or Legislation
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