WP/AP: Error by FTC Reveals Whole Foods' Trade Secrets
By Christopher S. Rugaber
Associated Press
Wednesday, August 15, 2007; Page D03
Federal regulators inadvertently released dozens of trade secrets in public court documents yesterday as they tried to block Whole Foods Market's $565 million purchase of Wild Oats Markets.
The Federal Trade Commission documents revealed that Whole Foods plans to close 30 or more Wild Oats stores in competitive markets, a move that the company thinks would nearly double revenue for some Whole Foods stores.
Among other details not meant to be released, the FTC revealed how Whole Foods negotiates with suppliers to drive up costs for Wal-Mart stores. Regulators also discussed the company's closely held marketing strategies.
Regulators are trying to block the deal on antitrust grounds, arguing that it would mean higher prices for organic and natural food. A judge is considering whether to temporarily block the deal.
Lawyers for the FTC electronically filed documents as part of that court case yesterday afternoon. Court officials realized the redacted portions of the document could easily be read and blocked it from being downloaded from court computer servers. The Associated Press downloaded the document from the public server before it was replaced by a properly redacted version....
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/14/AR2007081401784.html?hpid=sec-business