Word: razors
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Sharp patent lawyers on the lookout for good suits have during recent years found the razor industry an especially pleasing field. But the motor industry, with its many gadgets and "basic principles" always offers opportunities. Big companies are always prepared for the sudden appearance of an angry inventor in search of damages...
Once again last week were attorneys for Gillette Safety Razor Co. busy looking up law, preparing briefs. A $1,500,000 damage suit was filed against the company by Segal Lock & Hardware Co. of Manhattan, loud in its charges that Gillette has violated anti-trust laws. And Gillette filed a suit against Segal charging infringement of blade patents...
Last Gillette suit was the action & counter action with United Cigar Stores, settled out of court by a $1,900,000 payment to United (TIME, Aug. 3). Most famous Gillette suit was that brought by AutoStrop Safety Razor Co., resulting in a merger of the two companies (TIME, Oct. 27). Still pending is the suit of minority shareholders against the Gillette directors (TIME, July 20). Last week President Louis Segal remained serene. "I do not attach much importance to the action which has been taken by Gillette Co.," said he. Representing Segal is one-time Federal Judge Hugh Martin Morris...
...Court. Suit and countersuit between Gillette Safety Razor Co. and United Cigar Stores Co. were settled out of court last week. Gillette had charged that United had exaggerated its ability to sell razors and blades, claimed $10,000,000 damages were due. United brought a $7,000,000 countersuit for breach of contract. The extra-legal settlement provided for a $1,900,000 payment by Gillette and the resumption of business relations. But existing contracts are cancelled. At the end of last year Gillette had $4,212,000 in cash...
Gillette Safety Razor...