Word: lawsuit
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Three years later, in 1990, Alan R. Kahn, a Wall Street investment broker and Seaboard stockholder, filed a lawsuit in Delaware seeking an accounting of the profits earned by the Breskys through their intercompany dealings. Kahn alleged that the Breskys required Seaboard Corp. to enter into business deals with Seaboard Flour that generated "unlawful profits" for Seaboard Flour. In short, according to Kahn's allegations, the Breskys used their controlling positions in the two companies to move money from the public company to their private business...
Robohm was subpoenaed in the Kahn lawsuit, and he recited a litany of business dealings in which, he said, Bresky had interests in companies that profited from inflated contracts with Seaboard Corp. According to his deposition, kickbacks were paid to officials in foreign governments; contracts were padded, with the excess money diverted to Swiss bank accounts; management fees were inflated; brokerage commissions ran 2 1/2 to five times the usual rate. And in the case of one Seaboard subsidiary, "there was a great deal of cash that was...unaccounted...
During a hearing in the lawsuit pending in U.S. District Court in Dayton, the company's lawyer explained it this way: "Every action [Hobart] has taken is motivated by sound economic or operational rationale...
Remedies in antitrust suits can be tricky. No one's going to jail (at least not based on this civil lawsuit), and the point of the suit isn't to get fines or money damages. If the Justice Department prevails, Judge Thomas Penfield Jackson would have to rewrite the rules of engagement so that Microsoft could no longer unfairly exploit its dominant market position. And that could even mean what every Microsoft hater truly lusts for: a breakup of the company...
...need for an expensive operating system like Windows. To head off that threat, Microsoft licensed Java from Sun in 1995 and used it to create its own "polluted"--or incompatible--version, which discouraged software developers from using the original Sun program. Sun cried breach of contract, and a lawsuit followed. Now Judge Ronald Whyte has handed Redmond a February deadline to stop shipping Java technology--currently included in Windows 98, Internet Explorer and even the humble Microsoft Office suite--without first getting Sun's seal of approval...