In separate complaints the Federal Trade Commission last week tagged Seagrams and Schenley, the nation's top two distillers, with one of its favorite charges: illegal price-fixing. But FTC's action was no ordinary move; it introduced an entirely new definition of what is illegal price-fixing.
Up to now the Government and the courts have held that when two or more independent businessmen get together and agree on prices for competing products, they are breaking the law. But in the new case FTC maintained that Seagrams and Schenley had conspired to restrain trade not through price agreements made between the two companies...
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