Word: antitrusters
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...they offered to pay $120 million to settle treble-damage claims against them for allegedly rigging the price of a widely used antibiotic, tetracycline. While proposing the settlement, the five companies-American Cyanamid, Chas. Pfizer, Bristol-Myers, Upjohn and Squibb Beech-Nut-asserted that they "have not violated the antitrust laws...
...hard to imagine a more bizarre example of justice distorted than the action brought against IBM by the U.S. Government [Jan. 24]. Although the case is not unique in the history of antitrust suits, it serves to dramatize the subtle but steady deterioration of the notion that ability and competence are a blessing, not a curse...
...will for months and maybe years to come, the Justice Department's antitrust suit against International Business Machines Corp. last week continued to pose new questions for the courts, the computer industry and the nation's securities markets...
...more permissive view may well be taken by the Nixon Administration's newly named chief trustbuster, Richard W. McLaren, a Chicago lawyer who headed the American Bar Association's antitrust division. McLaren says that his approach will be to "look at performance as well as structure" and fol low the "rule of reason." He thus echoes Stanley Barnes, the Eisenhower Administration's activist antitrust chief...
Bargaining Point. IBM's future has been based on its computers and its competitive prowess. Now the future may depend on the courts. Last month the company was charged with monopolistic practices in a civil antitrust suit brought by a competitor, Control Data Corp. Two weeks ago IBM was the target of another suit, brought by a customer, Data Processing Financial & General Corp. And last week IBM was hit by the most important suit of all. The Justice Department climaxed a long investigation by bringing its own antitrust action-the biggest of the Johnson era-against the company...