Industry: Electrical Price Fixing (Contd.)

Under the Clayton Act of 1914, anybody who can prove that his business has been injured by another company's antitrust violations is entitled to damages amounting to three times the loss suffered. Along with the humiliation of being convicted of criminal price fixing ten months ago, the 29 companies involved in the great electrical-equipment conspiracy looked forward apprehensively to a flood of treble-damage claims. Last week their worst apprehensions came true as more than 60 public and private utility companies combined to file nearly 40 suits complaining that they had been overcharged on electrical equipment.

In all, the electrical companies now...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!