Word: antitrust
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Dates: during 1950-1959
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...Ambassador West Hotel for 48 hours straight last week. Inside, a dozen high-priced lawyers barely paused to refresh. When they did pause at last, patent-challenger Zenith Radio Corp. had finally pinned heavyweight champ Radio Corp. of America after eleven years of legal jujitsu. In the biggest antitrust recovery in history, Zenith settled for $10 million in its $61.7 million suit against...
...forces, who mortally hate and fear the prospect of the open shop. Last week Knowland not only called for "a just and equitable right-to-work law" but went a strong step farther. Said he: "The time may soon be coming when Congress may have to apply the same antitrust laws to the big unions as it does to corporations." Thus Bill Knowland, recognizing the growing public disgust at corruption among labor leaders, walked front and center on a firm restrict-unions platform...
...watered-down Senate version. And even if it did, Dwight Eisenhower would be virtually forced to veto it because the four-page, 650-word jury-trial amendment was so loosely drawn that it would devastate the whole legal mechanism for dealing with cases under such laws as antitrust, atomic energy and securities exchange by the accepted injunction and contempt-of-court procedures (see box). It would even force jury trials for contempt of the United States Court of Appeals, which has no jury mechanism...
...punish contempt is an essential function of the Federal Government: the use of injunctions and restraining orders to prevent acts that would damage an individual or the public interest. The injunction is the Government's principal means of enforcing more than two dozen federal statutes, including the antitrust laws, the Atomic Energy Act and the Securities Exchange Act. Not one of these 20-odd statutes carries a jury-trial provision, and expert opinion holds that many of them, because of their complexity, would be unenforceable if it took a jury trial to convict a defendant of contempt...
...ANTITRUST STUDY is stirring up a storm for sporting-goods industry. Justice Department suspects collusive pricing and division of markets and products, is quietly going back as far as 1931 to look at records of some 80 sporting-goods makers, five retail and manufacturing associations...