Word: antitrust
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...Urged Taft-Hartley Act amendments to ban the union shop and make unions subject to antitrust laws-changes that Labor Secretary James Mitchell has plainly and publicly opposed...
...BIGGEST ANTITRUST FINE levied against single defendant under present laws was slapped on Safeway Stores Inc., second largest U.S. grocery chain (after A. & P.). Federal District Court in Fort Worth fined Safeway and its executives $187,500 after company did not contest charges that 150 of its stores in Texas and New Mexico sold groceries below wholesale cost to run out competitors in 22-month price...
...Under the 1903 Expediting Act, District Court judgments in civil antitrust suits can be appealed only to the Supreme Court, not to a Circuit Court of Appeals. †Clark disqualified himself because he was Attorney General when the Justice Department brought the suit in 1949. Harlan had represented Du Pont as a lawyer. Whittaker had not yet been appointed when the case was argued before the court. *In 1950, after the Government brought suit against Du Pont, Congress amended Section 7 to make it clearly applicable to vertical cases...
...first few hours after the U.S. Supreme Court laid down the antitrust law to Du Pont last week (see NATIONAL AFFAIRS), Wall Street reacted with anticipation. Du Pont stock shot up 6 points to 202½ in the hope of big stock dividends following the court's ruling that Du Pont interests must give up their 23% control (64 million shares) of General Motors stock, worth $2.7 billion. But when Wall Street took a more careful look, Du Pont stock slipped back down. Both Du Pont and G.M. stock fluctuated nervously for the rest of the week, as everyone...
What worried businessmen was the sweeping nature of the decision, putting a new emphasis on the nation's antitrust philosophy. As Justice Harold H. Burton wrote in his dissenting opinion: The ruling "disregards the language and purpose of the statute, 40 years of administrative practice and of the precedents . . . except one District Court decision. To make its case, the court requires no showing of any misuse of a stock interest-either at the time of acquisition or subsequently-to gain preferential treatment. All that is required, if this case is to be our guide, is that some court...