The Big Three cigaret companies (American, Liggett & Myers, Reynolds), convicted seven weeks ago of monopoly and conspiracy in restraint of trade (TIME, Nov. 3), were sentenced last week by a Federal judge in Lexington, Ky. Nobody will go to jail. But the judge's decision put a large segment of U.S. business on notice: competitors who do not use price as a weapon may be "conspiring" to fix prices even if they never actually meet to do so. To a great many lawyers, this is something new under the Sherman Act. One...
To continue reading:
or
Log-In
