Word: legalizes
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Dates: during 1970-1979
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...week showed that a veteran Justice Department official, Russell Baker Jr., had been notified by Marston's office as early as last Aug. 17 about an investigation involving Eilberg, a powerful House Judiciary subcommittee chairman. Eilberg's Philadelphia law firm had received a handsome $500,000 in legal fees while helping to obtain federal financing for a new hospital in the city. Also involved in the project and the investigation into it was another prominent Pennsylvania Democrat, Congressman Daniel...
...enforce the law as interpreted by the courts, he has sent some 150 maroon-jacketed highway patrolmen into Pope County to protect work crews. More than 40 farmers have been arrested, for interfering with construction. Perpich has proposed the creation of a "science court" that would have-no legal status but would assess the line's potential dangers, if any, to the health of the farmers, their crops and their livestock. The court would presumably put to rest such wild rumors as the claim by one farmer that he and his fellows will have to wear chains around their...
...marathon antitrust action against Eastman Kodak (1976 sales: $5.4 billion). During the trial, which lasted six months, Berkey claimed that it had been grievously damaged by Kodak's alleged monopoly power; Berkey lost $24.2 million in the first nine months of 1977. To the astonishment of many legal experts, the jury agreed, finding that Kodak had monopolized the U.S. market for cameras, film and color-print paper and, to boot, had violated the fair-pricing provisions of the Robinson-Patman...
...Legal echoes of its competitive battles will keep Kodak tied up in court for years, whatever the final Berkey verdict. GAF has filed an antitrust suit asking the courts to splinter Kodak into no fewer than ten separate businesses. Pavelle, a tiny New Jersey firm that sank into bankruptcy in 1975, has brought suit asking, among other things, that the trademark "Kodak" be as freely available to the public as the term aspirin. Polaroid has also sued, contending that Kodak's instant cameras and print film infringed on Polaroid patents. Most ominous of all, the Department of Justice...
Nobody on Wall Street is confident enough to assess the long-term legal dangers to Kodak. But the company's stock has been sliding since 1973, when it reached an alltime high of 151%. Last week, in heavy trading after the Berkey verdict, it dropped more than 3 points, to a close...