Word: antitrust
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Dates: during 1970-1979
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...National. Under a CAB dictate, all the contenders must hold their National shares in a nonvoting trust. In addition, Pan Am still has several important hurdles to clear. For example, the CAB must still give Pan Am approval after consulting with the Justice Department about whether the merger violates antitrust laws. Finally, the merger decision must go to President Carter, who can either approve or veto...
...move more swiftly than under the easygoing Bell. Said Civiletti last week: "There is nothing more harmful to justice or the perception of justice than delay, red tape, unpreparedness." Civiletti is seeking ways to form task forces from the various divisions of the department (such as criminal, tax and antitrust) to pursue complex cases of corporate wrongdoing. He is also known to be eager to crack down on sophisticated white-collar criminals. Under Civiletti, the department is expected to pay more attention to violations of health and safety laws, particularly those involving the environment...
...merger proposal is likely to prevail and receive final approval from the White House. The international carrier has routes that dovetail neatly with National's predominantly domestic runs and would probably not encounter antitrust objections...
...year ago, Berkey Photo (1978 revenues: $199 million) won a major victory over giant Eastman Kodak ($7 billion) in one of the largest private antitrust suits in history. A federal district-court jury in Manhattan found that Kodak, which made more than 80% of the film sold in the U.S. in 1973, when the case was first brought, and garnered over 60% of camera sales, not only had monopoly power in the amateur-photography field but had used this power unfairly. Berkey was awarded treble damages of $87 million. Now, in an equally stunning reversal, the U.S. Second Circuit Court...
...Antitrust experts are intrigued by Kaufman's forceful insistence that courts should not automatically judge bigness to be badness. That is the issue in the current major antitrust cases that the Justice Department is pursuing against IBM and AT&T. Kaufman's reasoning has yet to be tested in other cases and in higher court. Still, some lawyers find it to be a rare reassertion of what used to be a traditional antitrust rule: that the mere existence of monopoly power does not make a big company culpable under the Sherman Act. In the classic interpretation of antitrust...