Word: antitrust
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Dates: during 1980-1989
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...After tumbling some 12% since 1981, the cost of flying has risen by about 10% in the past three years and by around 6% so far this year, even though passenger traffic has been flat. The price hikes have stirred the suspicion of the Justice Department, which launched an antitrust investigation into possible collusion among the nation's major airlines. The Justice probe is seeking to determine whether the fare hikes were economically justified or the airlines acted in concert to raise prices...
...ongoing Justice Department probe into alleged antitrust violations by American universities is one such example of this bias, says Spence...
Steiner should know. When the department launched its investigation this summer, notifying Harvard and a handful of other schools that they were being scrutinized for possible antitrust violations, Steiner and his staff drew the unenviable task of finding and organizing the necessary records...
That, plus the fact that few university lawyers have an antitrust background, has led the schools to look outside for help. Most of them found it in Washington, where the nation's leading antitrust lawyers practice...
...Most schools are not familiar with antitrust investigations and what they entail," says Ronald G. Carr, who is representing Princeton University for the Washington-based firm of Morrison and Foerster...