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FTC Going To Court Over Toysmart.com
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The Federal Trade Commission voted to go to court against electronic-commerce company Toysmart.com, which is seeking to sell customer data despite a guarantee not share the information, the Wall Street Journal reported in Monday's electronic edition.The U.S. agency voted unanimously in a closed session on Friday to seek a preliminary injunction against Toysmart, majority-owned by Walt Disney, to prevent the Web retailer from selling names, addresses and buying habits on thousands of customers who used the site, the Journal said. Lawyers for Toysmart did not return calls to the Wall Street Journal. Toysmart ceased operations in May saying it was going out of business after burning through most of its cash and being unable to raise more. The Mass.-based company said then that it would seek a buyer for the business. [Posted 7/10/2000]
  
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