Word: antitrusters
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Dates: during 1940-1949
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...would have entered the war entirely without these vital materials*, not to mention the secret of how to make and use them. Carboloy's President W. G. Robbins got so mad at having his patriotism impugned (and at being "smeared before trial by the official prosecutor" of an antitrust indictment against him) that he stamped out of the room, saying "I refuse to be called un-American ! " But no voice was raised against the bill which these doings were designed to promote. S. 2303, sponsored by Senators Bone (Chairman of the Patents Commit tee), O'Mahoney...
Kulas and Lewis held a long series of confabs in Pittsburgh, admitted only that ''preliminary discussions have been held . . . whereby the two companies would be united." Meanwhile, in Washington, Department of Justice lawyers cross-checked the deal for possible antitrust violations (probably none); in Wall Street, speculators pushed Otis bonds and preferred stock to new 1941-42 highs...
...anti-trust suits may have been a case of mixed signals. If not, and despite the questionable relevance of the old antitrust laws in the broadcasting context, the Justice Department might make it tough. In Manhattan, the rumor was that Mutual would soon slap down a damage suit against NBC, alleging violation of the anti-trust laws. With this cold turkey NBC and CBS began the New Year...
...antitrust "conspiracy" as he described it was pretty subtle: there were no "Gary dinners," no tangible agreements between the defendants, not even any secrets-or not necessarily any. Nor was there any of the usual trustbuster's talk about a plot to gouge the consumer, no doubt because 6½? of the consumer's 15? for cigarets goes to the Federal Government v. about 5? to the manufacturer...
...hole was a lack in the law. Justice Felix Frankfurter on Feb. 3 handed down the Supreme Court's 6-to-2 opinion in the Hutcheson case. Effect of the ruling was that labor unions, except in exceptional cases, may not be prosecuted under antitrust laws, i.e., may freely continue practices ranging from restraints of trade to outright racketeering. The Hutcheson decision stamped an O.K. on such labor-union restraints of trade as these...