Legal Problems
The State of California filed suit against Holiday Magic in December, 1972.
In February 1973, Holiday Magic was sued by Avon Products. In the lawsuit, Avon Products' claimed that "Holiday Magic employees distributed leaflets accusing Avon of goon squads, paying off The District attorney's office.."
In June 1973, the United States Securities and Exchange Commission filed a lawsuit against Holiday Magic, charging Patrick with "bilking some 80,000 people out of more than $250 million through his Holiday Magic cosmetics and soap empire."
The company was investigated by the Federal Trade Commission, and in June 1973 the company was found guilty of deceptive trade practices. The FTC found that Holiday Magic was in violation of section 5 of the Federal Trade Commission Act, and section 2 (a) of the Clayton Antitrust Act.
In 1973, Holiday Magic's proceedings were prohibited by the Market Court of Sweden, and a fine of 2 million kronor was imposed.
Read more about this topic: Holiday Magic
Famous quotes containing the words legal and/or problems:
“In ‘70 he married again, and I having, voluntarily, assumed the legal guilt of breaking my marriage contract, do cheerfully accept the legal penalty—a life of celibacy—bringing no charge against him who was my husband, save that he was not much better than the average man.”
—Jane Grey Swisshelm (1815–1884)
“Grandparents can be role models about areas that may not be significant to young children directly but that can teach them about patience and courage when we are ill, or handicapped by problems of aging. Our attitudes toward retirement, marriage, recreation, even our feelings about death and dying may make much more of an impression than we realize.”
—Eda Le Shan (20th century)