Word: antitrust
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Justice Department attorney D. Bruce Pearson rested the government's case before Judge Louis Bechtle, charging that MIT had directly violated the Sherman Antitrust Act. MIT officials met with representatives of other Universities to determine mutual financial aid awards for students accepted at more than one of the schools...
...There was an exchange of information, and that was no act of charity. That was collusion, an antitrust violation...it was engaged in market competition [for student]," Person said...
...lawyer Thane Scott countered Pearson's argument, saying that because MIT is a charitable institution,it is not subject to he Sherman Antitrust Act,which was enacted to regulate for-profitbusinesses and interstate commerce...
...claims that he Antitrust Division has madein this case are my-opic and misguided. They'rebased on a one-size-fits-all approach under theantitrust laws to police commercial competition,"Scott said...
...unlike any institution that theAntitrust Division has encountered. MIT's functionis to teach, to discover and to build. Yet, in theeyes of the Antitrust Division, such aninstitution is indistinguishable from amanufacture of toaster ovens or porcelainfixtures," he said...