Louis K. Liggett Co. v. Lee
Louis K. Liggett Co. v. Lee | |
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Argued January 12–13, 1933 Decided March 13, 1933 | |
Full case name | Louis K. Liggett Co., et al. v. Lee, Comptroller, et al. |
Citations | 288 U.S. 517 (more) 53 S. Ct. 481; 77 L. Ed. 929; 1933 U.S. LEXIS 51; 85 A.L.R. 699 |
Case history | |
Prior | Appeal from the Supreme Court of Florida |
Court membership | |
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Case opinions | |
Majority | Roberts, joined by Hughes, Van Devanter, McReynolds, Sutherland, Butler |
Dissent | Brandeis |
Dissent | Cardozo, joined by Stone |
Louis K. Liggett Co. v. Lee, 288 U.S. 517 (1933), is a corporate law decision from the United States Supreme Court.[1]
Background[]
The case involved retail business taxes in the Florida being based on the number of stores and not the value or sales of the stores.
Decision[]
Justice Brandeis agreed with the race to the bottom theory of corporate law, proposed by Adolf Berle and Gardiner Means in The Modern Corporation and Private Property (1932).
See also[]
- US corporate law
- UK company law
References[]
External links[]
- Text of Louis K. Liggett Co. v. Lee, 288 U.S. 517 (1933) is available from: Cornell CourtListener Findlaw Google Scholar Justia Library of Congress
Categories:
- United States corporate case law
- United States Supreme Court cases
- United States Supreme Court cases of the Hughes Court
- United States taxation and revenue case law
- Legal history of Florida
- 1933 in United States case law