Word: antitrusters
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Dates: during 1940-1949
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...members felt put upon, and didn't care if they showed it. The Justice Department had first twisted A.P.'s arm with an antitrust suit; then in June the Supreme Court had twisted it even further. Said the Court sternly: nobody must be denied A.P. membership just because a local rival fears the competition...
Last week the Department of Justice did something about this. It had the A.L.M.A., 45 member firms, and 34 individuals indicted under the antitrust laws. The charge: conspiring to fix high prices for artificial limbs, prevent competition...
...General Electric Co. and the German Krupp interests made an agreement on the sale of cemented tungsten carbide (for machine tools), Canadian importers could buy it only from G.E., which raised the price from $50 a pound to $453. After the U.S. Government indicted G.E. in 1940 (antitrust law violation), the price skidded to $32 a pound...
...Gimbel's counters. A month ago, Thurman Wesley Arnold, hiring out his trust-busting talents to Reynolds, had filed suit in Wilmington's Federal Court for $1,000,000 (treble damages) against Eversharp Inc. and Eberhard Faber Corp. on a familiar Arnold charge: violation of the antitrust laws. The two defendants, Arnold claimed, had tried to "prevent mass distribution" of the Reynolds pen until they could 1) get rid of their own obsolete stocks, and 2) produce a ballbearing pen of their own on the basis of patent rights acquired from Laszlo Joszef Biro of Argentina (TIME...
There was small chance that the antitrust division would approve of this. But some decision has to be made soon. Until a policy is reached, plans for disposing of other war-born giants like Geneva Steel and the magnesium plants would also be stalled in their tracks...