£IO,OOO FINE IMPOSED
TRUST LAWS VIOLATED MILITARY INSTRUMENTS (Reed. May 28. 2.40 p.m.) NEW YORK, May 27. The Bausch and Lomb Optical Company, of Rochester, was fined £IO,OOO on a charge of violation of the antitrust and tariff laws.
Carl Zeiss, of Jena, Germany, and the New York subsidiary, Carl Zeiss, pleaded not guilty to charges of monopolising world trade in military and optical instruments, thereby violating the Sherman Act, and announced he was prepared to enter a consent decree to discontinue the practices for which he had been indicted. This will make available to the United States and the Allies a larger and -more inexpensive supply of precision instruments which had been previously withheld.
It was alleged that a secret agreement in 1921 divided the world market and resulted in Bausch and Lomb charging the United States Army and Navy unreasonably for military optical equipment.
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Bibliographic details
Gisborne Herald, Volume LXVII, Issue 20259, 29 May 1940, Page 11
Word Count
146£10,000 FINE IMPOSED Gisborne Herald, Volume LXVII, Issue 20259, 29 May 1940, Page 11
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