Word: antitrusters
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...Chicago last week, after 3½ years of legal skirmishing, the Government's antitrust suit against the Du Ponts was finally under way. In his opening statement, U.S. Attorney Willis L. Hotchkiss outlined the charge: 117 members of the Du Pont family-59 of them minors aged four to 20-had conspired to restrain trade through a $5 billion empire composed of the Du Pont chemical company, General Motors and U.S. Rubber. Hotchkiss wanted the court to force the Du Fonts to sell their chemical company's 23% common-stock interest in G.M. (now worth $1.3 billion...
...delay raised another possibility. Herbert Brownell, who will take over as U.S. Attorney General on Jan. 20, has promised to review all antitrust cases pending in the Justice Department. If he doesn't like how they have been conducted, he can change the teams of lawyers assigned; if he doesn't approve of the cases themselves, or thinks they are too weak, he can drop them...
...only did it rule that Seagrams should abolish such restrictive practices; it also said that subsidiary corporations have an obligation to compete with one another, even though they may be under the same ownership. Thus, by going after subsidiary-pricing, FTC could also attack Fair Trade-pricing under the antitrust laws...
During World War II, the big movie companies made 16-mm. prints of feature movies to show in Army camps and hospitals all over the world. Last week Hollywood was brooding on the adage: a good deed never goes unpunished. The U.S. Department of Justice filed an antitrust suit to compel twelve major film companies to sell their 16-mm. prints to television...
...companies in the U.S. zone were split into 42 different units. They have since merged into twelve. Furthermore, no one doubts that the Big Three Farben successors would like nothing better than to rejoin forces, and drag in the others. What may stop them is a proposed West German antitrust law. Said one allied official: "We have assurance from the [West German] federal government that the status quo of the successor companies will be retained for three years. That should give the present setup time to crystallize. One can just hope it won't come unstuck...