Lexington, Kentucky -- Pillow and mattress manufacturer Tempur-Pedic International has confirmed that the New York Attorney General has filed an action against the company requesting Tempur-Pedic discontinues its "unilateral retail price policy" in the state of New York.
The action, which was filed 29 March 2010, said "enforcement action" would be taken if the company did not comply.
"We are disappointed with the New York Attorney General's action earlier this week," Tempur-Pedic ceo, Mark Sarvary said in a 31 March company statement. "It was preceded by a lengthy antitrust investigation in which the Company cooperated fully."
In his complaint, the Attorney General does not charge Tempur-Pedic with any violation of state or federal antitrust law; instead he claims the company violated a 1975 New York state law which declares certain contractual provisions to be unenforceable, Sarvary said, adding, "We believe the Attorney General's claim that Tempur-Pedic violated state law is simply wrong, and we intend to defend the case vigorously." (RD)