Word: appealed
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Dates: during 1950-1959
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...Government, which lost its five-year antitrust suit to force Du Pont to sell its 22.6% ownership of General Motors Corp. two months ago (TIME, Dec. 13), announced last week that it would appeal the case to the U.S. Supreme Court. Normally, appeals from a lower court pick out errors of law. But in the Du Pont case the Justice Department said it would challenge Chicago Federal Judge Walter J. La Buy's entire interpretation of the evidence in the case. He had ruled that "Du Pont has not had, and does not today have, practical or working control...
...Pont itself appeared unworried by the appeal. Last week, when the company got a chance to reduce its percentage of G.M. stock, it decided to buy instead of sell. In a new stock-option deal, G.M. offered stockholders the right to buy an additional 4,385,000 shares at the rate of one new share for every 20 currently held. Wall Streeters expected Du Pont to sell the options it will get for 1,000,000 new shares (it now owns 20 million), thus reduce the percentage it holds in G.M. But in Wilmington the company announced that it would...
Ward's attorneys went to work forthwith to appeal the decision to the Illinois Supreme Court. Both Avery and Wolfson announced that they will press for a quick decision, since neither wants to postpone the April showdown...
...Mason, who is negotiating to get some of the windfall money back from some 6,500 other building projects, said that he would keep right on trying. BIR. which has 1,400 other suits pending to reclaim an estimated $1.5 billion in taxes on similar building profits, plans to appeal the Tax Court decision. But its chances look bleak...
...will deny that some sports are more popular than others. A football game will always draw larger crowds than a fencing match. Yet from the player's point of view outside popularity is arbitrary. Baseball has declined considerably since the twenties, and though spectator appeal sustains basketball and hockey, track and crew depend upon tradition for their headlines and their "major" status. The H.A.A. has faithfully tried to reflect the student body's interest, as in 1938. It has never, however, elevated a sport primarily for the players. This de-emphasis of the individual player is evident in the present...