Louis K. Liggett Co. v. Lee

Louis K. Liggett Co. v. Lee
Supreme Court of the United States
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
Chief Justice Charles E. Hughes Associate Justices Willis Van Devanter · James C. McReynolds Louis Brandeis · George Sutherland Pierce Butler · Harlan F. Stone Owen Roberts · Benjamin N. Cardozo
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