OF ANTITRUST ENFORCEMENT ACTIONS
FOR MONDAY, FEB. 8, 1993 THROUGH FRIDAY, FEB. 12, 1993
v. Kenneth Gex Reesman and Maola Milk & Ice Cream Company
Criminal No.: 93-7-01-CR-7BR (E.D.N.C.)
was filed in U.S. District Court in Wilmington, North Carolina,
charging Kenneth Gex Reesman and Maola Milk and Ice Cream Company,
both of New Bern, North Carolina, with one count of rigging bids,
in violation of Section 1 of the Sherman Act, on contracts to
supply dairy products to various North Carolina public schools
and three counts of committing mail fraud, 18 U.S.C. § 1341,
in connection with the rigged bids.
||U.S. v. Texas Commerce
Bancshares, Inc. and Texas Commerce Bank-Midland. N.A.
Civil No.: 3-93CVO294-G (N.D. Tex.)
A civil complaint was
filed in U.S. District Court in the Northern District of Texas,
challenging the proposed acquisition of New First City Bank-Midland
N.A. by Texas Commerce Bank-Midland N.A. (TCB), a subsidiary of
Texas Commerce Bancshares Inc. of Houston, Texas which is a subsidiary
of Chemical Banking Corp., New York City. At the same time, a
proposed consent decree was filed which, if approved by the court,
will resolve the suit. New First City-Midland is one of the 20
bridge banks sold by the Federal Deposit Insurance Corporation
last month. The complaint alleged that the proposed acquisition
would violate Section 7 of the Clayton Act by substantially lessening
competition in business banking services, including business transaction
accounts and commercial operating loans to small and medium-size
business customers in Midland. The proposed consent decree provides
for TCB to divest the New First City Bank-Midland and all assets
and deposits of that bank, except for the trust business and,
unless necessary to assure the divestiture purchaser is a viable
competitor, its indirect consumer loans. TCB is the third largest
commercial bank in Midland, and operates approximately 110 offices
through 16 separate national or state banks in Texas, which among
them hold more than $17 billion in assets and more than $13 billion
in deposits. New First City-Midland is the second largest bank
in Midland. Between them, TCB and New First City-Midland hold
more than 35 percent of commercial bank deposits in Midland.
||U.S. v. Preston Dairy.
Criminal No.: CR 93-030A (W.D. Okla.)
U.S. v. Preston
Criminal No.: 3-93CR-046-R (N.D. Tex.)
Two one-count informations
were filed in U.S. District Courts in Oklahoma City, Oklahoma
and Dallas, Texas, charging Preston Dairy, Inc. of Burkburnett,
Texas, with rigging bids, in violation of Section 1 of the Sherman
Act, on contracts for the sale of fluid milk to public schools
and other public entities in Oklahoma and public school districts
in north central Texas.
||U.S. v. Borden, Inc.
Criminal No.: 3-93CR-047-X (N.D. Tex.)
was filed in U.S. District Court in Dallas, Texas, charging Borden,
Inc. of Columbus, Ohio, with rigging bids, in violation of Section
1 of the Sherman Act, on contracts for the sale of fluid milk
in several areas of Texas to certain public school districts,
public hospitals, Reese Air Force Base and Texas Tech University.
Copies of legal filings are
available from the Legal Procedure Unit, Antitrust Division, Room 3233,
Telephone No.: 514-2481.