Word: offing
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Dates: during 1960-1960
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The lawyers had taken a hard look at the evidence in the cases filed by U.S. Attorney Robert Bicks and had not liked what they were up against. The best way out, the lawyers decided, was to use a legal device-a plea of nolo contendere, or no contest. The...
Damaged Image. By so pleading, the companies would be able to avoid frontpage trial publicity that might severely damage their long-nurtured images in the public eye. "Everyone who went out to buy a toaster," cracked a Government lawyer, "would think he was being overcharged." Furthermore, such a plea might...
The possibility of a deal was suggested by stocky, wavy-haired Judge J. Cullen Ganey, who feared that otherwise the cases would drag on for years. In months of behind-the-scenes negotiations, often in Judge Ganey's chambers, both sides worked out a tentative agreement: the Government would...
Secret Codes. In these seven cases, considered the most serious by the Government, executives of the companies were charged with meeting in hotels under assumed names to agree on prices and bids. They used an esoteric system that they called a "phase of the moon" or "light of the moon...
With intricate legal overlapping, many companies and individuals were included in each of the seven critical cases. Several companies-including McGraw-Edison, Allis-Chalmers and Federal Pacific -have pleaded guilty in certain of the seven cases. Nevertheless, a few firms or individuals may yet prefer to plead not guilty and...