Word: antitrust
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
BUSINESSMEN who thought that Attorney General Brownell would ease up on antitrust prosecutions are in for a surprise. In five months, Brownell's men have filed 19 new cases, twice as many as the busy Democrats filed in their last five months in office, and the Republicans have yet to dismiss a single one of the 136 cases they inherited. The biggest change: bureau chiefs have at last been put on notice to get quick decisions on all old cases, some of which have been hanging fire for more than ten years...
Looking rumpled in a navy blue suit, Defense Secretary Charles Erwin Wilson took the stand in a Chicago court last week as a witness in the Government's antitrust suit against the Du Fonts, General Motors and U.S. Rubber. The Government, which is trying to 1) force Du Pont to sell its G.M. stock (23%), 2) require members of the Du Pont family to unload their 17% interest in U.S. Rubber, and 3) get G.M. to drop its 50% interest in the Ethyl Corp., wanted to know what G.M.'s former president knew of G.M.-U.S. Rubber dealings...
This week, in a 5-4 decision, the U.S. Supreme Court overruled the verdict against the T-P and States, declared that the unit rate used by the papers was not in violation of the Sherman Antitrust Act. Although the Government had argued that the T-P and States system "forced" a rate on advertisers, the Supreme Court ruled that the Government failed to prove unfair competition. Said Justice Tom Clark for the majority: "We do not determine that unit advertising arrangements are lawful in other circumstances or in other proceedings. Our decision adjudicates solely that this record cannot sustain...
...Government's antitrust suit against 17 investment banking houses recessed for the summer last week, the 64 lawyers connected with the case totted up some vital statistics on themselves. Since the case went to trial in 1950 before Judge Harold Medina in Manhattan, seventeen children and three grandchildren have been born into the lawyers' families (all but three of them on the defense side...
...take still another couple of years to present its case in the marathon trial. "Thus," speculated the New York Times last week, "the life expectancy of the judge, who in this case has already spent five years in pre-trial and trial proceedings, becomes another complicating factor in antitrust jurisprudence...