The Federal Trade Commission has issued a press release announcing the appointment of Theodore L. Banks, Esq., to monitor Coca-Cola Company’s compliance with the FTC order settling charges that the company’s acquisition of Coca-Cola Enterprises, its largest North American bottler, would be anticompetitive. The order requires Coca-Cola to restrict its access to confidential competitive business information of rival Dr Pepper Snapple Group.
Banks is Counsel to the firm Schoeman, Updike, Kaufman & Scharf in Chicago, and President of Compliance & Competition Consultants, LLC. The Commission voted 4-0-1, approving Banks as the monitor and the related monitor agreement, with Commissioner Edith Ramirez recused.
See the press release here: http://www.ftc.gov/opa/2010/10/coke.shtm