Word: suit
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Dates: during 1940-1949
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Most stars are too faint to suit astronomers, but the sun is too bright. Astronomers have been able to analyze the sun's light and photograph the spots that cruise in mysterious cycles across its face. But until recently, their observations have been limited mostly to the brilliant surface itself. Except during total eclipses, the details of the sun's atmosphere have been lost in its glare...
...empire intact. Only two weeks ago, it split its high-priced stock ($179), thus bringing its price down to $45 so that smaller investors could buy it, and, in effect, become Du Pont's allies. Last week, the expected assault began. Attorney General Tom Clark filed an antitrust suit in Chicago's Federal Court to break the $1,585,000,000 Du Pont holdings into at least four pieces. It was the biggest of the long list of antitrust suits the Government has filed against the company since 1907, when Hercules Powder Co. and Atlas Powder Co. were...
...suit was also one of the most sweeping ever filed by the Antitrust Division. It named as defendants the three famed Du Pont brothers, Pierre, Lammot and Irénée, and more than 100 others who were related to them "by blood or marriage" (which might include the children of Franklin D. Roosevelt Jr. and his exwife, Ethel du Pont...
...Pont de Nemours & Co. In turn, Du Pont controls General Motors Corp. through its 10 million shares of G.M. stock. Du Pont and G.M. together own Kinetic Chemicals, Inc., a maker of refrigerants; G.M. and Standard Oil Co. (N.J.) own Ethyl Corp. (Jersey Standard is not named in the suit). Members of the Du Pont family, as individuals, own 17% of the stock of U.S. Rubber and are alleged to control...
...Pont, the charge of "bigness," and that alone, seemed to be the nub of the complaint. Snapped he: "Since these relationships [between Du Pont and the other companies] have been a matter of public information for many years, the motive for this suit must arise out of a determination ... to attack bigness in business as such." The New York Herald Tribune agreed. It gave the back of its hand to Tom Clark for "Pecksniffian" charges, and said: "Mere size is the Government's primary target [though] the Government itself has fostered bigness in American industry...