Gibson Guitar Corp responds to price fixing allegations

Posted: January 28, 2010 in Audio Gear, Business, Music, News - crazy and otherwise
Tags: , ,

Gibson Guitar issued an official statement today denying that the company has “participated in any scheme to artificially inflate or fix prices” for its musical instruments.

The statement from Gibson spokesperson Caroline Galloway reads as follows:

Gibson Guitar Corp. is one of many manufacturers and organizations in the Musical Instrument Industry that has been named a party to approximately 30 lawsuits that claim they conspired to artificially increase and fix the prices of musical instruments. 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 . . . [read]

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