Word: antitrust
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Dates: during 1970-1979
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...peripheral information "relating to" the lawsuit. The wear-'em-down philosophy was articulated by Cravath, Swaine & Moore Senior Partner Bruce Bromley in a speech before an appreciative audience of Stanford law students 20 years ago: "I was born, I think, to be a protractor ... I could take the simplest antitrust case and protract it for the defense almost to infinity ... [One case] lasted 14 years ... Despite 50,000 pages of testimony, there really wasn't any dispute about the facts ... We won that case, and, as you know, my firm's meter was running all the time?every month...
Paper wars: trying to drown the other side in motions, interrogatories, depositions, pleadings, cross-claims and countersuits. Exploiting every procedural nook, cranny and nuance in order to avoid or delay trial on the merits. Often used to great effect in complex antitrust cases...
...based Berkey Photo, Inc., a relatively small competitor. When the same jury last week fixed the penalty, the reaction was genuine shock. Kodak, said the jurors, should pay Berkey $37.6 million in damages-and that was just the beginning. Because standard procedure is to triple damages for violation of antitrust law, the court is expected to raise the award to $112.8 million, one of the largest judgments ever against a U.S. corporation...
...What is more, Berkey's is not the only suit Kodak is contesting. Others have been filed by Pavelle, a tiny New Jersey firm that went bankrupt in 1975, and by GAF. There also is evidence that the Justice Department may be preparing an antitrust suit against the company...
...motive for the still mysterious Watergate eavesdropping. Nixon, claims Haldeman, was out "to get" Larry O'Brien, chairman of the Democratic National Committee. Long a Nixon antagonist, O'Brien had angered the President by shrewdly exploiting a never proved charge that the Nixon Administration had settled an antitrust suit against ITT favorably to the giant corporation in return for financial help to hold the 1972 Republican National Convention in San Diego. Haldeman contends that Nixon and Colson, who had a personal hatred for O'Brien from old political campaigns in Massachusetts, hoped the Watergate bugs would turn...