Word: antitrusters
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Dates: during 1940-1949
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Last week the Department of Justice filed a civil suit against the Lorain Journal and the Horvitz brothers for conspiracy to monopolize the dissemination of news, advertising and other information. It was the first antitrust action charging a newspaper with seeking to injure a competing radio station. Besides refusing ads, the Journal was accused of trying to persuade employees of WEOL to quit, and of making a deal with an Elyria paper not to circulate or solicit ads in Lorain...
...made no recommendations on what should be done about the trend to bigness. But Committee Chairman Celler thought that the antitrust statutes should be tightened up. His subcommittee will take testimony from Government bureaus, labor leaders and industrialists for the remainder of the year, and will probably have a fresh batch of antitrust legislation ready for Congress next January...
Hoover's men were trained to physical fitness, but spent most of their time digging through the dusty files of bankruptcy and antitrust cases. They had no power of arrest, no authority to carry guns...
...empire intact. Only two weeks ago, it split its high-priced stock ($179), thus bringing its price down to $45 so that smaller investors could buy it, and, in effect, become Du Pont's allies. Last week, the expected assault began. Attorney General Tom Clark filed an antitrust suit in Chicago's Federal Court to break the $1,585,000,000 Du Pont holdings into at least four pieces. It was the biggest of the long list of antitrust suits the Government has filed against the company since 1907, when Hercules Powder Co. and Atlas Powder Co. were...
...suit was also one of the most sweeping ever filed by the Antitrust Division. It named as defendants the three famed Du Pont brothers, Pierre, Lammot and Irénée, and more than 100 others who were related to them "by blood or marriage" (which might include the children of Franklin D. Roosevelt Jr. and his exwife, Ethel du Pont...