FTC v. Solomon Trading Co.
FTC v. Solomon Trading Co., No. 91-cv-1184-PHX (SMM) (D. Ariz. 1994).
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 forsummary judgment against the defendants. The Court found that . . . .