Proposed Sale of Bankrupt LASIK Provider Draws FTC Scrutiny

The Federal Trade Commission has opened a “non-public inquiry” into bankrupt LASIK provider LVI Intermediate Holdings Inc.'s proposed $35 million sale to a competitor, LVI’s attorney said.

The company intends “to cooperate fully and promptly,” G. David Dean of Cole Schotz P.C., an attorney for LVI, said in a letter filed July 24 with the U.S. Bankruptcy Court for the District of Delaware.

LVI’s letter comes three days after a committee of unsecured creditors complained that LVI’s decision to cancel a planned bankruptcy auction and sell itself in a private sale to Kismet New Vision Holdings LLC raised “potentially troubling ...