Word: antitrust
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...loss of $13 million and has earned a total of only $7,000,000 in the best (1971) of its ten years in existence. Presiding over the trial was a 68-year-old federal judge who came out of semiretirement in Utah to decide one of the most complex antitrust cases ever and who backed up his instructions to the opposing computer-firm attorneys by quoting Poet Robert Frost to them...
...comparison. But if Assistant Attorney General Thomas E. Kauper (pronounced koy-per), 38, does not look like a tiger, he is beginning to act like one. In an Administration that has become all too cozy with big businessmen seeking influence, the chief of the Justice Department's antitrust division has kept up steady pressure against monopolistic practices−including some allegedly committed by special friends of the White House...
...onetime law clerk to U.S. Supreme Court Justice Potter Stewart and later a University of Michigan Law School professor, specializing in antitrust, Kauper was hired in mid-1972 by then Attorney General Richard Kleindienst. Kauper is the first to admit that much of the department's new-found activism actually began under former chiefs. "Policies tend to move rather slowly," he says. "In the course of a year, it's hard to say that it's this or that man who is responsible." But in Nixonian Washington, where politics has influenced practice in many supposedly non-partisan...
...department is often outmanned by the powerful corporations it confronts. They can field double or triple the number of attorneys that Justice assigns to a case. Department lawyers feel that they are catching only one out of every 100 antitrust violations in U.S. business, but Kauper is quietly adding to his staff−giving the antitrust tiger a few more teeth in its battle to maintain competition in America...
Dunlop's angry words, however, scarcely begin to indicate the depths of the trouble that the oil industry is in. In Los Angeles, the antitrust division of the Justice Department is gearing up for a broad-gauge grand jury investigation of gasoline pricing. It has subpoenaed confidential records of more than 30 oil companies, including not only ARCO but also such giants as Exxon, Mobil, Texaco, Gulf, Standard of California, Standard of Indiana, Shell, Phillips and Union. Attorneys for the companies say that summonses will also be issued soon to a number of executives. They will be called...