Word: antitrusters
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Dates: during 1960-1969
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Learned Hand served as a federal judge longer than any other man-52 years. His opinions were prodigious, totaled more than 2,000. covering every phase of the law from maritime liens to complicated antitrust cases. His tart observations ("Judges can be damned fools like anybody else") were treasured. On the bench. Judge Hand was a formidable figure, a stocky man with the broad shoulders of his Kentish forebears, glittering eyes under dense brows, and craggy features that might have been carved by Gutzon Berglum. Intolerant of lawyers who strayed from the point or became too verbose. Judge Hand sent...
...point. Hand's famed 28-page opinion on United States v. Aluminum Co. of America, in which he ruled that "good" monopolies had no more legality than "bad" monopolies, was distilled from 40,000 pages and four years of testimony, has been a model for every subsequent antitrust suit...
...whom the trustees had put in to run TWA. On one occasion Hughes threatened to bring suit against the airline for ignoring his wishes. Last week, instead. TWA's management filed suit against Hughes. Hughes Tool Co. and Raymond Holliday for alleged violation of the Sherman and Clayton antitrust acts. TWA's avowed hope: to win a court order obliging Hughes to get rid of all stock in TWA and to cease trying to exercise control over the line...
...suit dismissed, charging that the lending institutions which now control TWA's finances were guilty of "self-dealing." In a supporting affidavit, Hughes argued that the Hughes Tool Co. actions of which TWA complains were approved by the Civil Aeronautics Board and hence exempt from the antitrust laws-"even if they were applicable...
...Wall Street, the Berlin boom was on. Rushing to buy common stocks, partly as a hedge against inflation, investors early in the week drove the Dow-Jones industrial average to a record 713.94 (previous record: 705.96 in May). The averages were jolted back next day by an inadvertent Antitrust Division haymaker at giant American Telephone & Telegraph Co. (see Personal File), but the momentum was too great: by week's end the market had moved on to still another new high...