Word: antitrusters
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Dates: during 1940-1949
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...some of this Alice in Wonderland atmosphere, Federal Judge Walter C. Lindley last week levied $175,000 in fines on the Great Atlantic & Pacific Tea Co. of America and 24 co-defendants for violating the antitrust laws (TIME, Sept. 30). But as he pronounced sentence, Judge Lindley made a confession. When he had found the defendants guilty a fortnight ago he had inadvertently convicted four innocent defendants. Now he was reversing his verdict on them...
...looked and acted just like any other labor union. It boycotted, it picketed, it signed contracts, and it had a long name: Local 36, International Fishermen and Allied Workers of America, C.I.O. But the Justice Department's antitrust division looked again...
Independent owners, who have strongly backed the Government suit, feared they were now no better off than before. The major companies, owning the best theaters and having the biggest bank accounts, could always outbid them for films. The chances were that the Antitrust Division, still holding out for divestiture, would appeal to the Supreme Court and put the case back in the grinder...
...company be monopolistic even though it does not exclude competition? Last week the U.S. Supreme Court said yes. In a unanimous decision which greatly broadened the definition of monopoly, the Court upheld the conviction of the Big Three cigaret companies (American, Reynolds, Liggett & Myers) and 13 top executives on antitrust charges...
...billion of usable federally financed plants on which the giants hold options to buy. In 1939,75,000 U.S. manufacturers together owned only $39.6 billion worth. The thing to do, said Senator Murray, was to raise this year's appropriation for the Department of Justice's Antitrust Division from $1,700,000, already approved by the House...