Word: claytons
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...ADAM CLAYTON POWELL...
...York's Representative Adam Clayton Powell...
...court's tougher line stems from the 1950 amendments to the Clayton Act, particularly to the broad and vaguely worded Section 7. It now prohibits a corporation from acquiring stock or assets of another "where in any line of commerce . . . the effect . . . may be substantially to lessen competition, or to tend to create a monopoly." In case after case, the trustbusters are applying Section 7 with success. It was the basis for the 1957 decision forcing Du Pont to sell its 23% of outstanding stock in General Motors; in the important 1962 Brown Shoe-Kinney case, the court used...
...Clayton Koelb as Holofernes, the scholastic, totters about the stage mumbling ridiculous Latin boobies in a suberb spoof on pedantry...
...District Court at Philadelphia hit Westinghouse, General Electric, Allis-Chalmers and three other manufacturers with quite a bill. To Philadelphia Electric and two other complaining utilities, it awarded damages of $9.6 million; then Judge Joseph S. Lord III trebled the award to $28.9 million, as the Clayton Act requires. Most important, the jury found that the utilities were entitled to dam ages for having been overcharged as far back as 1946, even though the original electrical-conspiracy cases covered only the 1956-60 period. The ruling stemmed from a clause in the law that suspends the statute of limitations (four...