Word: antitrusters
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...halt such "conspiratorial" competition, the slum lawyers have filed a federal antitrust suit seeking injunctions and $450,000 in treble damages. The first suit of its kind demands a hard look at possible inequities. But in the long run, a decision that supports the. neighborhood service is likely to help the poor become more prosperous-and boost business for all U.S. lawyers...
...ANTITRUST. To what extent can manufacturers restrict franchise retailers? Chevrolet dealers in Los Angeles sold new cars at bargain rates through dis count houses. By stopping them, argues the Government, General Motors restrained trade and violated the Sherman Act. The trustbusters insist that such franchise agreements hobble merchants across the country...
...Pevler, the Norfolk & Western's president, attached some prickly provisos to their willingness to take in the indigents, notably that some layer of Government permanently pick up the tab for commuter losses on three of them. Beyond that, the merger must surmount threatened minority-stockholder suits and possible antitrust objections from the Department of Justice, then win approval not only of the five little lines (most of which consider the offered price too low) but also of the Interstate Commerce Commission, whose deliberation may well take three years. The Pennsy and New York Central, though so far insisting that...
...cost of price fixing comes high. Under antitrust law, customers who can prove that they have been overcharged as a result of price fixing may collect damages worth three times the amount of the overcharge. So far, G.E. has paid out $225 million in claims, Allis-Chalmers $45 million. Westinghouse has set aside $110 million to cover its suits. Included in these totals: last year's record $28.9 million court judgment against G.E., Westinghouse, Allis-Chalmers and three other manufacturers (TIME, June 12, 1964), which the companies later settled out of court for $18 million...
...face that launched a thousand jokes was frozen grey and grim. The voice that frustrated generations of newsmen and an antitrust subcommittee of the U.S. Senate was curiously grammatical as Charles Dillon ("Casey") Stengel, 75, announced last week that he was retiring as manager of the New York Mets. "At the present time," explained Casey, leaning heavily on a cane, "I am not capable of walking out on the ballfield. If I can't run out there and take a pitcher out, I don't want to complete my service...