Business: Deals & Developments

No Violation. In the Federal Court of Chicago in January 1930 the U. S. Government won an important suit. For it was decreed that five primary defendants (chief among them: Standard Oils of New Jersey and Indiana, and Texas Co.) and 45 secondary defendants were guilty of violating the Sherman Anti-Trust Act. Their guilt lay in the patent pool and cross-licensing system by which they kept unto themselves and licensees the valuable oil-cracking patents. But last week this important anti-trust suit, now in its seventh year, was lost by the Government. The Supreme...

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