and FTD Companies became FTD LLC. with the purchase of FTD and ProFlowers by Nexus Capital Management. In March 2020, Charlie Cole was named CEO. Lawsuits FTD had obtained a near-monopoly position in its market. It has been sued several times by the United States Department of Justice to ensure it does not engage in non-competitive behavior, namely prohibiting members from affiliating with competing flowers-by-wire services. FTD entered into consent decrees with the Department of Justice after 1956, 1969, and 1990 suits. Florists' Transworld Delivery (FTD), sued its competitor ProFlowers for false advertising in August 2005. The suit focused on ProFlowers' claim to ship "direct from the fields" with "no middlemen". Stating that the lawsuit was "without merit", ProFlowers brought counterclaims against FTD. The lawsuit was settled a year later out of court. References External links FTD, Inc. – florist trade business FTD.COM – consumer direct sales www.etfa.org – Retail Florist Association corporate website (separated from FTD in 2001) See also Floral industry Companies based in DuPage County, Illinois Organizations based in Michigan Wayne County, Michigan Retailers' cooperatives in the United States Former cooperatives of the United States Demutualized organizations Downers Grove, Illinois Private equity portfolio companies Florist companies American companies established in 1910 Retail companies established in 1910 1910 establishments in Colorado Floral industry 2000 initial public offerings Companies formerly listed on the Nasdaq Companies that filed for Chapter 11 bankruptcy in 2019