Word: antitrust
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Last week, the Justice Department, which had warned businessmen to abide by the Supreme Court anti-Fair Trade ruling, filed an antitrust suit against Chicago's Sunbeam Corp. (Mixmasters, Shavemasters), which had tried to shut off all supplies to price-cutters. The charge: Sunbeam and its 1,200 distributors had "conspired" to fix and control their prices, specifically in the District of Columbia, Vermont, Texas and Missouri, none of which has Fair Trade laws. In the absence of such laws, charged the trustbusters, Sunbeam's minimum-price contracts violated the Sherman Antitrust Act. Sunbeam, claiming that price-cutting...
...jury found Moran guilty on all counts. After this, it will hardly be necessary to investigate whether Organizer Moran also violated the antitrust laws...
After 14 years of litigation, the justice department completed its antitrust fight against the Big Five moviemakers. In a consent decree, Loew's Inc., owner of Metro-Goldwyn-Mayer Studios, agreed to split into two separate units: one for production and distribution, the other for exhibition. The producing and distributing company will keep Loew's corporate name and MGM's label on its products. President Nicholas Schenck, who has bossed the company since 1927, will probably continue to run Loew's. The theater company, its name still to be picked, will have a completely separate management...
...went to Buffalo last week to wind up a client's antitrust action. The hearing was shorter than he expected. Lawyer Patterson canceled an afternoon train reservation, boarded the doomed Convair...
This week the Justice Department filed an antitrust suit against I.B.M., alleging that I.B.M. owns more than 90% of all U.S. tabulating machines, owns 95% of those used by the Federal Government, and manufactures about 90% of all tabulating cards sold in the U.S. The trustbusters said that more than 6,000 I.B.M. machines earn an annual rental of about $100 million. In 1951, the Federal Government alone paid $25 million for rental of its machines. The Government wants to force I.B.M. to give the users the option to buy machines or lease them on a nonrestrictive basis...