Word: antitrust
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...monopolistic restraint, as traditional theorists assumed there would have to be. The moral, said MacLaurin, is that trustbusters should take into account the creative contribution to the economy of a company's research (i.e., the argument Du Pont used to persuade a federal court to dismiss an antitrust suit against it on Cellophane [TIME, Dec. 21]) as an offsetting factor in the definition of monopoly...
...survived both the Depression and the influx of movies, remorselessly squeezed out potential competitors. No man for publicity, he kept his 1936 marriage to Showgirl Marcella Swanson a secret for twelve years (until she sued for divorce, later remarried him). In 1950, charged with violating the U.S. antitrust law, Mister Lee disclaimed any monopoly of the U.S. theater, complained: "We have operated with an efficiency that deserves the encouragement rather than the criticism of [the] Government...
Almost six years after the Government filed an antitrust suit charging the Du Pont Co. with a monopoly in cellophane and cellulose packaging products, Federal Judge Paul Leahy dismissed the case. The record, Judge Leahy declared this week in a 381-page opinion, disclosed "not the dead hand of monopoly, but rapidly declining prices, expanding production, intense competition stimulated by creative research . . . and other benefits of a free economy. Neither Du Pont, nor any other American company similarly situated, should be punished for its success...
...indicted by a federal grand jury in a test of the "conflict of interests" statute, the first criminal indictment under the law. The charge: Lawyer Bergson represented three companies (Minnesota Mining & Mfg. Co., the Carborundum Co. of Niagara Falls and United States Pipe Line Co.) in actions before the antitrust department in 1951, after having acted against them while a trustbuster. The law prohibits a former federal official from representing clients with "claims" against the Government for two years if he was involved in the matter while in office. Maximum penalty on conviction: a year in jail...
...prices substantially. But G.M., with 46% of the entire auto market already, might thus increase its share to 50% or 55% and drive the independents out of business. Under such circumstances, G.M., already under investigation by the trustbusters for its ties to Du Pont, might face an antitrust suit on charges that it sold too cheaply. (The Great Atlantic & Pacific Tea Co. is now on trial on charges, in effect, that it sold too cheaply, thus drove competitors out of business...