Word: antitrusters
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Dates: during 1960-1969
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...stress from a new quarter-with serious implications for its nationwide dealer-franchise setup. In a unanimous decision, the Supreme Court ruled that General Motors and three Chevrolet dealers' associations, in fighting discount-house car sales in the Los Angeles area in 1960-61, had violated the Sherman Antitrust Act in "a classic conspiracy in restraint of trade...
Overturning the Los Angeles decision, the Supreme Court ruled that franchise terms were not at issue. Gen eral Motors and its dealer associations, said Justice Abe Fortas, had removed a "class of traders from the market"-an antitrust violation per se. With that decision, discounters apparently won open season on the U.S.'s 29,000 franchised dealers...
...Braves had a right to forsake Milwaukee for the greener lettuce in Atlanta. Judge Roller, a pretty hot fan himself, said no. After a six-week trial and 7,000 pages of testimony, he ruled that the National League had violated Wisconsin's "little Sherman" antitrust laws. The league, said Roller, had conspired to "control and allocate" players, to "assign exclusive territorial rights and privileges," and to "limit the number of members in the National League"-thereby "substantially" restraining Wisconsin's trade and commerce. He fined the league $5,000 and each of its ten teams another...
...assistant general counsel for the American Bankers Association and later as an attorney for First National Bank of Chicago. President Kennedy named him comptroller of the currency and gave him orders to start stirring things up. Saxon tripped at the outset by tangling with Bobby Kennedy's antitrust division at the Justice Department-but patched up the quarrel before he endangered his tenure...
Next day, Committee Chairman Warren Magnuson fired back at Bugas' testimony by reading part of a letter from U.S. Antitrust Chief Donald F. Turner. The Justice Department, said Turner, has indeed been investigating the auto companies-because of their "cooperative efforts to suppress, not to promote, the utilization of auto emission devices." Moreover, said Turner, the antitrust law has not barred agreements among companies "to develop safety devices or to exchange information concerning standards where joint efforts seem necessary and constructive and are not accompanied by unduly restrictive collateral agreements...