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Violation Tracker Individual Record

Company: Michaels Stores, Inc.
Current Parent Company: Apollo Global Management
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $1,800,000
Year: 2011
Date: September 19, 2011
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Michaels Stores, Inc. agreed to a $1.8 million settlement of allegations that it engaged in deceptive advertising practices by misleading consumers into thinking they were receiving steep discounts over a two year period.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.