Word: antitrusters
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...some operators it seemed like a good idea, but the big Northern bloc did not agree. Efficient operators would be unfairly penalized, they argued. Beyond that, their connivance might put them in violation of the antitrust laws...
...empire intact. Only two weeks ago, it split its high-priced stock ($179), thus bringing its price down to $45 so that smaller investors could buy it, and, in effect, become Du Pont's allies. Last week, the expected assault began. Attorney General Tom Clark filed an antitrust suit in Chicago's Federal Court to break the $1,585,000,000 Du Pont holdings into at least four pieces. It was the biggest of the long list of antitrust suits the Government has filed against the company since 1907, when Hercules Powder Co. and Atlas Powder Co. were...
...suit was also one of the most sweeping ever filed by the Antitrust Division. It named as defendants the three famed Du Pont brothers, Pierre, Lammot and Irénée, and more than 100 others who were related to them "by blood or marriage" (which might include the children of Franklin D. Roosevelt Jr. and his exwife, Ethel du Pont...
Last week, the grand old man resigned as production chief of Fox, now will spend all his time on his 364 theaters. Although Fox President Spyros P. Skouras refused the resignation, it was almost sure to go through. Joe's move was in preparation for a Government antitrust order which is expected to direct Fox to divorce its production and distribution activities from its theater operations...
...Congress, federal fair-trade laws also were under attack. Brooklyn's Democratic Congressman Donald L. O'Toole introduced a bill to repeal the Miller-Tydings Act of 1937, which permits states to pass price-fixing laws that might otherwise violate the federal antitrust...