Word: antitrust
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...walked the vice presidents of the U.S.'s major airlines under an unusual safe-conduct guarantee from the Government. To allow the airline executives to come to realistic grips with their mounting problems and to work out some solutions, the Government promised them a seldom granted immunity from antitrust prosecution while they put their heads together. The meeting followed by only a week a closed meeting of major airline presidents with the Civil Aeronautics Board's new Chairman Alan S. Boyd-and illustrated the sorry state in which the lines find themselves. Result of the meetings...
...ANTITRUST. Though the Eisenhower Administration was equally vigorous in trustbusting, the Kennedys do it with more fanfare. Minnesota Liberal Lee Loevinger, chief of the Antitrust Division, has repeatedly raised business hackles-and depressed A. T. & T. stock-by incautious statements implying, unintentionally, he insists, that his lawyers are out after the giant communications company. In a series of electronic and banking mergers, the trustbusters have waited until the last moment to raise objections, and have refused to be deterred by court reversals; last week after a federal district court turned down their eleventh-hour effort to halt the merger...
Learned Hand served as a federal judge longer than any other man-52 years. His opinions were prodigious, totaled more than 2,000. covering every phase of the law from maritime liens to complicated antitrust cases. His tart observations ("Judges can be damned fools like anybody else") were treasured. On the bench. Judge Hand was a formidable figure, a stocky man with the broad shoulders of his Kentish forebears, glittering eyes under dense brows, and craggy features that might have been carved by Gutzon Berglum. Intolerant of lawyers who strayed from the point or became too verbose. Judge Hand sent...
...point. Hand's famed 28-page opinion on United States v. Aluminum Co. of America, in which he ruled that "good" monopolies had no more legality than "bad" monopolies, was distilled from 40,000 pages and four years of testimony, has been a model for every subsequent antitrust suit...
...running battle that has raged for the past three years between the Government and the U.S. drug industry was shifted last week to the courts. Charging conspiracy to fix prices and limit competition, the Justice Department won a grand jury antitrust indictment against three of the nation's largest antibiotic producers and their chief executives. The defendants: American Cyanamid and its chairman, Wilbur G. Malcolm; Charles Pfizer & Co. and Chairman John E. McKeen; Bristol-Myers Co. and President Frederic N. Schwartz...