Dissent Brandeis | ||
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 Prior history Appeal from the Supreme Court of Florida Majority Roberts, joined by Hughes, Van Devanter, McReynolds, Sutherland, Butler 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.
References
Louis K. Liggett Co. v. Lee Wikipedia(Text) CC BY-SA