Word: antitrust
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Former Deputy Solicitor General Frank Easterbrook, professor of law at the University of Chicago, cites some less familiar areas where the Justices put their stamp. "They have completely overhauled antitrust law, by unanimous votes in many cases," he says...
...jury of five women and one man held that the company had unfairly driven Litton Industries out of the telephone equipment business, and awarded $92 million in damages to the California aerospace and electronics conglomerate. If the verdict survives legal challenges, the sum will automatically be tripled under federal antitrust laws to $276 million...
...from the $570 million that Litton had sought. We will appeal the verdict." At Litton's Beverly Hills headquarters, General Counsel Robert Lentz was less circumspect. Said he: "Certainly we are not unhappy. The verdict vindicates our position that the Bell System violated the antitrust laws." Even so, Litton is not expected to return to the rapidly evolving telephone equipment business...
...strictly legal terms, the Litton decision has no bearing on the biggest antitrust case of all against Ma Bell-the U.S. Government's suit to break up A T & T, in part by spinning off its equipment manufacturing division, Western Electric. But the adverse Litton decision may nonetheless make it politically more difficult for the Reagan Administration to drop the case, as both the Commerce Department and the Pentagon have urged. They maintain that the nation's economy and security require a strong...
President Reagan could order the Justice Department to drop its prosecution. But Reagan's antitrust chief, former Stanford Law Professor William Baxter, 51, has said publicly that he believes A T & T's network of phone lines should be separated from the company's other activities. Last week Justice Department officials conceded that there is plenty of pressure to drop the case but, insisted one, "the department's posture is still to litigate it to the eyeballs...