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1
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DECISION & ORDER
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EXTRACTED KEY WORDS
COMMISSION REPRESENTATION KCD OFFICER COMPLAINT FEDERAL TRADE COMMISSION ACTS BUSINESS DIRECTS SALE PAYMENT MANNER KCD HOLDINGS CALIFORNIA RELIABLE SCIENTIFIC EVIDENCE LABELING DISTRIBUTION FUNDS PRACTICES DEERFIELD CITY EMPLOYEES AFFECTING COMMERCE CONSUMERS AGENTS CONNECTION SEQUESTER ESCROW SECURITY |
9423237
B221248
UNITED STATES OF AMERICA
BEFORE FEDERAL TRADE COMMISSION
COMMISSIONERS: Robert Pitofsky, Chairman
Mary L. Azcuenaga
Janet D. Steiger
Roscoe B. Starek, III
Christine A. Varney
__________________________________________)
In the Matter of )
)
KCD HOLDINGS, INC., )
KCD, INCORPORATED, )
and DEERFIELD CORPORATION, ) DOCKET NO. C-3752
corporations, and )
) DECISION AND ORDER
CLARK M. HOLCOMB, )
individually and as a former officer of )
KCD Holdings, Inc., and KCD, Incorporated, ))
BONNIE L. RICHARDS, )
individually and as an officer of )
KCD Holdings, Inc., and KCD, Incorporated, )
and ))
GERALD E. HATTO, )
individually and as an officer of )
Deerfield Corporation. )
__________________________________________)
The Federal Trade Commission having initiated an investigation of certain acts and practices
of the respondents named in the caption hereof, and the respondents having been furnished thereafter
with a copy of a draft of complaint which the Seattle Regional Office proposed to present to the
Commission for its consideration and which, if issued by the Commission, would charge
respondents with violation of the Federal Trade Commission Act; and
1
The respondents, their attorney, and counsel for the Commission having thereafter executed
an agreement containing a consent order, an admission by the respondents of all the jurisdictional
facts set forth in the aforesaid draft of complaint, a statement that the signing of said agreement
for settlement purposes only and does not constitute an admission by the respondents that the law
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2
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COMPLAINT
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EXTRACTED KEY WORDS
KCD FAT RESPONDENTS REPRESENTATIONS FOOD PARAGRAPH KCD HOLDINGS ADVERTISEMENTS RESPONDENTS DEERFIELD ACTS WEIGHT CONSUMERS PRINCIPAL OFFICE REPRESENTATIONS SET EXHIBITS ABSORPTION PRACTICES TABLETS WEIGHT LOSS FEDERAL TRADE COMMISSION REASONABLE BASIS HATTO COMPLAINT DIET HIGH-FAT BUSINESS CONTROLS MEALS IMPLICATION |
9423237
B221248
UNITED STATES OF AMERICA
FEDERAL TRADE COMMISSION
________________________________________________)
In the Matter of )
)
KCD HOLDINGS, INC., )
KCD, INCORPORATED, )
and DEERFIELD CORPORATION, )
corporations, and )
)
CLARK M. HOLCOMB, )
individually and as a former officer of )
KCD Holdings, Inc., and KCD, Incorporated, ))
BONNIE L. RICHARDS, ) DOCKET NO. C-3752
individually and as an officer of )
KCD Holdings, Inc., and KCD, Incorporated, )
and ))
GERALD E. HATTO, )
individually and as an officer of )
Deerfield Corporation. )
________________________________________________)
COMPLAINT
The Federal Trade Commission ("Commission"), having reason to believe that KCD,
Incorporated, KCD Holdings, Inc., and Deerfield Corporation, corporations, and Clark M.
Holcomb, individually and as a former officer of KCD, Incorporated, and KCD Holdings,
Inc., and Bonnie L. Richards, individually and as a current officer of KCD, Incorporated, and
KCD Holdings, Inc., and Gerald E. Hatto, individually and as an officer of Deerfield
Corporation ("respondents"), have violated the provisions of the Federal Trade Commission
Act, and it appearing to the Commission that this proceeding is in the public interest, alleges:
1 of 8
1. Respondent KCD Holdings, Inc. ("KCD Holdings"), is a Nevada corporation with its
principal office or place of business at 2835 Townsgate Road, Suite 110, Westlake Village,
California 91361.
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3
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CONSENT AGREEMENT
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EXTRACTED KEY WORDS
KCD REPRESENTATION FEDERAL TRADE COMMISSION COMPLAINT DEERFIELD KCD HOLDINGS HATTO CONSENT ORDER ACTS OFFICER SEQUESTER PRACTICES PRINCIPALS FAT AGREEMENT CONSUMED FOOD KCD/DEERFIELD CONSENT ORDER WEIGHT LOSS FORMER OFFICER HIGH CHOLESTEROL CONSUMERS SIGNIFICANT WEIGHT LOSS DRAFT COMPLAINT ABSORPTION RESPONDENTS IMT EAT HIGH-FAT FOODS CHOLESTEROL REDUCTION PRODUCT RELIABLE SCIENTIFIC EVIDENCE ADVERTISEMENTS |
UNITED STATES OF AMERICA
FEDERAL TRADE COMMISSION
__________________________________________ )
In the Matter of )
)
KCD HOLDINGS, INC., )
KCD, INCORPORATED, )
and DEERFIELD CORPORATION, ) FILE NO. 942 3237
corporations, and )
)
CLARK M. HOLCOMB, ) AGREEMENT CONTAINING
individually and as a former officer of ) CONSENT ORDER AS TO
KCD Holdings, Inc., and KCD, Incorporated, ) KCD HOLDINGS, INC.,
) KCD, INCORPORATED,
BONNIE L. RICHARDS, ) DEERFIELD CORPORATION,
individually and as an officer of ) CLARK M. HOLCOMB,
KCD Holdings, Inc., and KCD, Incorporated, ) BONNIE L. RICHARDS AND
and ) GERALD E. HATTO
)
GERALD E. HATTO, )
individually and as an officer of )
Deerfield Corporation. )
__________________________________________)
The Federal Trade Commission ("Commission") has conducted an investigation of certain acts
and practices of KCD Holdings, Inc. ("KCD Holdings"), KCD, Incorporated ("KCD"), corporations,
and their former officer, Clark M. Holcomb, and current officer, Bonnie L. Richards, and Deerfield
Corporation ("Deerfield"), a corporation, and its principal, Gerald E. Hatto ("proposed
Proposed respondents, having been represented by counsel, are willing to enter into an agreement
containing a consent order resolving the allegations contained in the attached draft complaint.
Therefore,
IT IS HEREBY AGREED by and between KCD Holdings, KCD and Deerfield, by their duly
authorized officers, and Clark M. Holcomb, individually and as a former officer of KCD Holdings and
KCD, Bonnie L. Richards, individually and as an officer of KCD Holdings and KCD, and Gerald E.
Hatto, individually and as a principal of Deerfield, and counsel for the Commission that:
Page 1 of 11
KCD/Deerfield Consent Order, December 13, 1996
1.a. Proposed respondent KCD Holdings is a Nevada corporation with its principal office or place
business at 2835 Townsgate Road, Suite 110, Westlake Village, California 91361.
1.b. Proposed respondent KCD is a California corporation with its principal office or place of
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