Word: antitrust
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...months a battle has raged among retailers, manufacturers, discount houses and the courts over the interpretation and enforcement of Fair-Trade laws. Last week the disagreement spread to the Federal Trade Commission and the U.S. Justice Department's Antitrust Division...
Last week in the face of a federal antitrust suit, Eastman's Board Chairman Thomas Hargrave agreed in a consent decree to drop Eastman's pay-in-advance system, which includes the cost of processing in the price of a roll of color film.-Eastman will now sell a 20-exposure roll of 35-mm. Kodachrome for about $1.85, v. the present price of $3.25 including processing. Eastman will charge $1.50 extra to develop the roll, will license independent processors on a royalty basis to use its patents. Eastman also agreed to drop fair-trade pricing...
DEALER RESTRICTIONS, by which companies prevent distributors from unloading surplus stocks outside their geographic areas, are in for a rough time from the Justice Department. Government lawyers have filed an antitrust suit against Philco for a clause in its contracts that gives the parent company the right to buy up (at cost) and sell back to the distributor any product that he sells outside his area or to an unauthorized dealer. Justice's charge: the clause eliminates competition, boycotts nonfranchised stores...
Into a hushed and crowded Chicago courtroom one morning last week strode white-haired Federal Judge Walter J. La Buy. For almost a year, he had been studying the 2,500 exhibits and 2,500,000 words of testimony and argument in the biggest antitrust case in history: the Government's suit to force the Du Pont company to sell its holdings in General Motors and the members of the Du Pont family to sell their stock in U.S. Rubber (TIME, July...
...decision, Judge La Buy, veteran antitrust jurist who once slapped a $1.3 million bill for damages on G.M., cut some new paths through the tangle of antitrust enforcement. Where other courts have ruled that the mere existence of a potential monopoly can be cause for conviction under the Clayton Act, La Buy said: Such a possibility existed for 30 years in the relationship between Du Pont and G.M. But "the record discloses that no restraint of trade has resulted. Accord ingly . . . there is not. . . any reasonable probability of such a restraint within the meaning of the Clayton...