Word: antitrust
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Dates: during 1940-1949
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Victory for Antitrust; The decision, written by liberal Judge Learned Hand, reversed Manhattan's famed ad-libbing judge, Francis Gordon Caffey. Back in 1941 Judge Caffey, who had heard the testimony and arguments, cleared Alcoa of all the Government's charges. It took him ten days to deliver his opinion, took stenographers 737 pages to set it down...
...hurry to plunk down $81 million for the 7,121 sleeping and parlor cars, the mountains of hand towels, bed sheets, the ten laundries, etc. that Pullman, Inc. had for sale. Until a buyer could be found, the grand finale to one of Berge's most successful antitrust suits could not be written...
Such a remedy was proposed in Congress last week. Oklahoma's Almer Stillwell Mike Monroney introduced a bill to prohibit union make-work practices by subjecting unions to prosecution under the antitrust laws. Harried employers, of musicians and other union workers, heard the news with restrained gratification. It was a long jump from introducing a bill to getting it enacted into a law. The labor lobbies would fight to the last man against the Monroney bill...
Under these circumstances, the Council concluded: attempts to use the antitrust laws to reform foreign industries (as Attorney General Biddle has been trying to do) would penalize only those firms subject to U.S. laws and jeopardize the U.S. position in postwar international trade...
...clip any anti-trust laws. U.S. companies could still be prosecuted if they failed to drop agreements which the State Department frowned on. And the State Department could revoke its approval of an agreement, any time it wanted. But U.S. corporations and businessmen would no longer be harried by antitrust laws, as they sometimes are now: they could not be indicted, under any "new" interpretation of the antitrust laws, for something they thought was perfectly legal at the time they...