Asbury Automotive Sues to Block Administrative Proceeding by the Federal Trade Commission
Asbury Automotive Group Inc (ABG)
Last asbury automotive group inc earnings: 2/3 07:00 am
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Source: Business Wire
Company Says the FTC’s Administrative Process Is Unconstitutional, Depriving Its Right to a Jury Trial DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group (NYSE: ABG) today announced the filing of a lawsuit on October 4, 2024 in the United States District Court for the Northern District of Texas challenging as unconstitutional an administrative proceeding filed against Asbury by the Federal Trade Commission (“FTC”). In August, Asbury rejected as false and unfounded an FTC complaint that three Asbury dealerships in the Dallas-Ft. Worth area sold protection products to customers that the customers did not agree to buy.The lawsuit Asbury filed in Texas seeks to enjoin the FTC’s administrative proceeding in that case on constitutional grounds. Among other things, Asbury’s lawsuit asserts that the FTC’s administrative proceeding violates Asbury’s constitutional rights by denying it the right to a jury trial and by allowing the FTC to serve as both prosecutor and judge in the same proc
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ABG
News
- Asbury Automotive Group Named to Newsweek's World's Most Trustworthy Companies 2024 [Yahoo! Finance]Yahoo! Finance
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- Asbury Automotive Group Elects New Director to Its BoardBusiness Wire
- New Strong Sell Stocks for November 13th [Yahoo! Finance]Yahoo! Finance
- Asbury Automotive Group, Inc. (NYSE: ABG) was downgraded by analysts at Seaport Res Ptn from a "strong-buy" rating to a "hold" rating.MarketBeat
ABG
Earnings
- 10/29/24 - Miss
ABG
Sec Filings
- 11/19/24 - Form 8-K
- 11/8/24 - Form 4
- 10/31/24 - Form SC
- ABG's page on the SEC website