Word: antitrusters
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...decide whether IBM had monopolized various markets claimed in Memorex's $900 million antitrust suit, jurors needed a detailed understanding of things like "reverse engineering," "cross elasticity of supply" and "subordinated debentures." The trial lasted 96 days. The jury heard 87 witnesses and examined some 3,000 exhibits. After deliberating for 19 more days, it could not reach a unanimous verdict. Federal Judge Samuel Conti declared a mistrial. He then ruled in favor of IBM, though the jury had favored Memorex by 9 to 2. Suspecting that the jurors were baffled by the whole case, Judge Conti began asking...
...Less law. Complex law makes for complex litigation. The hopelessly vague antitrust laws, for instance, have been a chronic problem for troubled courts since 1890 and produced a tangle of conflicting interpretations. The antitrust monster of U.S. vs. IBM is now ten years old and nowhere near resolution. Clarifying or simplifying labyrinthine laws would save millions of dollars in legal costs as well as free judges to work on other matters. Like regulatory schemes that do more harm than good by stifling competition, some laws might even be eliminated altogether...
...National. Under a CAB dictate, all the contenders must hold their National shares in a nonvoting trust. In addition, Pan Am still has several important hurdles to clear. For example, the CAB must still give Pan Am approval after consulting with the Justice Department about whether the merger violates antitrust laws. Finally, the merger decision must go to President Carter, who can either approve or veto...
...move more swiftly than under the easygoing Bell. Said Civiletti last week: "There is nothing more harmful to justice or the perception of justice than delay, red tape, unpreparedness." Civiletti is seeking ways to form task forces from the various divisions of the department (such as criminal, tax and antitrust) to pursue complex cases of corporate wrongdoing. He is also known to be eager to crack down on sophisticated white-collar criminals. Under Civiletti, the department is expected to pay more attention to violations of health and safety laws, particularly those involving the environment...
...merger proposal is likely to prevail and receive final approval from the White House. The international carrier has routes that dovetail neatly with National's predominantly domestic runs and would probably not encounter antitrust objections...