Word: antitrusters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...flopped as a high school forward, however, and admits that his playing time was limited to the local Y.M.C.A. courts. None of this mattered to N.B.A. team owners, who last week gave him a three-year contract and a more than $150,000 annual salary. Should the N.B.A. risk antitrust problems by merging with the rival American Basketball Association, O'Brien may soon find himself making a play for special legislation from Congress...
...directors of the Association of Tennis Professionals (A.T.P.), the players' union he has refused to join, with a $41 million lawsuit. It charges that leaders of the A.T.P. violated antitrust laws by allegedly conspiring with organizers of the French Open to bar Connors and others from that tournament because they were not playing regularly on the European summer circuit...
Legal Tools. Washington has only begun to explore what legal tools are available to combat the boycott. Many antitrust law experts believe that Section 1 of the Sherman Act, which forbids contract combinations or conspiracy in restraint of trade, could be used against, say, an Arab bank that refused to deal with U.S. companies that have ties with Israel; but enforcement would be impos sible unless the bank had assets located within the jurisdiction of a U.S. court...
...Continental Baking Company, which had bought three smaller firms in alleged violation of a 1962 consent agreement with the Justice Department. Lower courts ruled that Continental -itself now part of ITT-should pay a single fine of $5,000 for each illegal acquisition. The majority insisted that firm antitrust enforcement requires a daily $1,000 fine for as long as the companies are improperly retained. The tough decision raised court watchers' eyebrows for another reason. The majority had taken an essentially liberal trustbusting position, and the critical fifth vote was that of Harry Blackmun. In the guilty-plea case...
...still languished at postwar lows, the mutual funds and other big investors were looking for some excuse to begin buying in earnest. That excuse seemed to come from a federal court in Denver; it reversed a lower court's order that IBM had to pay $259.5 million in antitrust damages to Telex Corp. Says Robert Stovall, director of investment policy at Reynolds Securities Inc.: "This was the first time in a while that any federal institution has come out with a decision that 'big is not bad.' " IBM, which had been down 36% from its 1974 high...