Word: antitrusters
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Leading off, Elhague argued that the tobacco industry violated antitrust laws through a conspiracy against safety developments, which he called, "a gentleman's agreement not to market safer cigarettes...
...Christie's surrender of information bought it conditional amnesty, but Sotheby's, slower off the mark, will get none. "The idea of the program is to get the first guy to break," notes Albert A. Foer, president of the American Antitrust Institute in Washington. Although Christie's may be off the hook, "Sotheby's could be required to pay a penalty. Some people could go to jail...
Prominent Harvard donor A. Alfred Taubman resigned from his position as chair of Sothebys auction house on Monday amidst a U.S. Justice Department investigation into possible antitrust violations at the world-renowned auction house...
Stanton Professor of Urban Policy and Planning Alan Altshuler, who is also the director of the Taubman Center at KSG, said he wanted to give Taubman the benefit of the doubt with regard to the antitrust allegations...
...York office of the Justice Department's antitrust division would not comment on whether Taubman had been implicated in any illegal activity...