Louis K. Liggett Co. v. Lee
| Louis K. Liggett Co. v. Lee | |
|---|---|
|
| |
| Argued January 12–13, 1933 Decided March 13, 1933 | |
| Full case name | Louis K. Liggett Co., et al. v. Lee, Comptroller, et al. |
| Citations |
53 S. Ct. 481; 77 L. Ed. 929; 1933 U.S. LEXIS 51; 85 A.L.R. 699 |
| Prior history | Appeal from the Supreme Court of Florida |
| Court membership | |
| 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.
Judgment
In the course of his opinion 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). The case involved retail business taxes in the State of Florida based on the number of stores and not the value or sales of those stores.
See also
External links
- 288 U.S. 517 from FindLaw
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