Word: suits
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Dates: during 1970-1979
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Many businessmen are already mired in time-consuming antitrust cases. The Justice Department is pressing monumental cases to break up IBM and AT&T, and the FTC is doing the same in a suit against Exxon and seven other oil companies. It is unlikely that the FTC suit will come to trial much before the 21st century, by which time the Government expects oil to play a diminishing role in the nation's economy...
...last working day of the Johnson Administration in January 1969, the Justice Department filed suit against International Business Machines, accusing it of monopolizing the "general purpose" computer business. Specifically, IBM was charged with trying to force customers to buy entire IBM systems for commercial use, and with keeping competitors out of the market. A decade later U.S. vs. IBM is still droning on, a costly monument to the law's delay. The frustrating case, Yale Professor Robert Bork told TIME'S conference, is the antitrust division's "Viet Nam." Thomas Barr, the Cravath, Swaine & Moore attorney...
...change in technology and the computer market is a major obstacle to the Government's case. None of the IBM computer systems that were on the market when the Government filed suit are still being made by the company. The trustbusters claim that the same pattern of IBM monopoly persists, but they must constantly seek new facts to prove...
Others also came expecting fireworks from Ford's chief legal antagonist, Manhattan Lawyer Roy Cohn. For a year he has been pressing a suit filed on behalf of a handful of stockholders (that charges Henry with a series of misdeeds, including accepting bribes. A New York court threw out Cohn's suit in January on grounds that it should have been filed in Michigan, where Ford is headquartered. Cohn is appealing, but plans to pursue the case in Michigan if necessary...
...Giannoulas, 24, who now earns more than $50,000 a year for such appearances, the bird has flown as far as New York City with increasing recognition. Now, however, Giannoulas and KGB, which conceived the bird, are tangling over rights. KGB has filed a $250,000 damage suit claiming ownership of the chicken concept and costume. The station is seeking an injunction to stop Giannoulas' performances. Crowed Giannoulas: "I intend to win this chicken suit...