Federal Trade Commission v. Speedway Motorsports, Inc.
Report Approval

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UNITED STATES OF AMERICA
FEDERAL TRADE COMMISSION
WASHINGTON, D.C. 20580

Division of Enforcement
Bureau of Consumer Protection

December 26, 2002

Oil-Chem Research Corp.
6800 W. 73rd St.
Bedford Park, Illinois 60638

Speedway Motor Sports, Inc.
U.S. Highway 29 North
Concord, North Carolina 28026

Re: FTC v. Speedway Motorsports, Inc., and Oil-Chem Research Corp., 1:01CV00126 (M.D. NC)

Gentlemen:

The Division of Enforcement has reviewed your submission dated December 23, 2002, which you have submitted to show the manner in which the defendants will comply with Parts I - III of the Stipulated Final Order for Permanent Injunction and Monetary Relief ("order") if it is entered in the above-referenced manner.

The information that you have submitted consists of a description of your compliance procedures and your description of certain claims that you intend to make in future advertising. The staff has concluded, on the assumption that such information is accurate and complete, that no compliance action would be merited if the order is entered. We will not be precluded, however, from recommending to the Commission an appropriate action if the submitted information is inaccurate or incomplete or if any defendant violates the terms of the order. Because you have not submitted any advertisements for the staff to review at this time, we reserve the right to request that you submit substantiation under the order for any additional express or implied claims made in future advertising and, if appropriate, to recommend that the Commission initiate an enforcement action based on such claims. The opinions expressed in this letter are those of the staff and not necessarily those of the Commission or of any Commissioner.

Sincerely,

Elaine D. Kolish
Associate Director