Word: acted
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Dates: during 1930-1939
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Smith will discuss "The National Labor Relations Act and Business," drawing from his experience on the Massachusetts Commission for Labor and Industries and at his present job since...
...much as 50% the fees paid the trustee, attorneys and advisers in the reorganization of Utilities Power & Light Corp., now in Federal court in Chicago. The Public Utility Holding Company Act of 1935 gave SEC, instead of the Federal courts, the power to set maximum fees in reorganization. Last week was the first time SEC exercised this power. The ruling, which almost certainly will be regarded as a precedent, followed the trend for making reorganizations as inexpensive as possible...
...connection between the Big Three motor-makers (Ford, General Motors, Chrysler) and the Big Four auto-financing companies (General Motors Acceptance Corp., Commercial Credit, Universal Credit Corp.. Commercial Investment Trust). The Assistant Attorney General was trying to get criminal indictments against them for violating the Sherman Anti-Trust Act. But Judge Geiger discharged the grand jury when he discovered that attorneys for the companies were trying to settle with Robert Jackson out of court...
...executives. Second was against Chrysler Corp., Chrysler Sales Corp., Dodge, De Soto, Plymouth, Commercial Credit Co., and 18 executives, including Walter P. Chrysler. Third was against Edsel Ford, Ford Motor Co., Universal Credit Corp. and twelve more executives. Maximum penalty for conviction on the indictments of violating the Sherman Act is $5,000 or a year in jail, or both. But the case is not likely to go before a jury until October, and Thurman Arnold presumably still believes in "practical solutions...
Scheduled for trial next September is Madison Case No. 2 in which the Government accused virtually the same officers and companies of having violated the Sherman Act in another way-by demanding uniform jobber contracts and permitting jobbers only a carefully defined profit. Last week, considering the amount of time and money they had already spent and might still have to spend, 14 of the 22 accused oil companies and eleven of their executives* decided to plead nolo contender e. That meant they agreed to pay maximum fines and court costs amounting to $400,000-which, considering the cost...