Word: antitrusters
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Dates: during 1960-1969
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...ANTITRUST. The year's big merger case involves mammoth Soapmaker Procter & Gamble's acquisition of Clorox Chemical Co., the top U.S. manufacturer of liquid bleach. The FTC washed out the 1957 merger, ruling it unfair to smaller competitors; a U.S. appellate court reversed the FTC, calling it hostile to mere bigness. The Government, which has yet to lose a major antitrust case in the Warren court, now seeks to vindicate...
...plumbing-fixture industry. Fifteen manufacturers, including the American Radiator & Standard Sanitary Corp., the Crane Co. of Manhattan, and the Kohler Co. of Kohler, Wis., plus the industry's Washington-based trade association and eight high-ranking company officers, were accused of collusion in criminal violation of the Sherman Antitrust Act. The charges involved sales and prices of most sinks, toilets, tubs and other bathroom equipment sold, primarily for home use, from the fall of 1960 through early this year...
...knee is fine; Joe Namath's isn't so hot, but his arm is. Season-ticket sales are running 20% ahead of last year. The N.F.L. and the American Football League have kissed and made up, which means that Commissioner Pete Rozelle is now free to entertain antitrust suits by impoverished players and would-be franchise owners-while he simultaneously tries to sell Congressman Emanuel Celler on legislation that would exempt pro football from antitrust actions...
Last April, after digesting 7,000 pages of testimony and cogitating for 35 straight hours, Judge Roller ruled that the National League had violated Wisconsin's "little Sherman" antitrust law by moving the Milwaukee Braves to Atlanta, thereby "substantially restraining" Wisconsin's trade and commerce. He fined the ten-team league $55,000 and court costs, ordered it either to 1) bring the Braves back, or 2) give Milwaukee a new team. Last week, in a 4-3 decision, Wisconsin's Supreme Court overruled Roller and ordered him to dismiss the case...
Roller's decision, said the court, was contradictory and "inconsistent." Baseball might be a monopoly, but it is a nationwide monopoly; therefore Wisconsin is "powerless" to make the sport subject to its state antitrust law. Besides, continued the Supreme Court, to order the Braves back from Atlanta would be to correct one ill with another: "such an outcome would maintain a monopoly at the expense of Atlanta...