WARNER & SWASEY CO. v. BOARD OF DIRECTORS

No. 9734.

170 F.2d 164 (1948)

WARNER & SWASEY CO. v. BOARD OF DIRECTORS, RECONSTRUCTION FINANCE CORP.

United States Court of Appeals District of Columbia.

Decided July 2, 1948.


Attorney(s) appearing for the Case

Mr. Sturgis Warner, of Washington, D. C., with whom Mr. Warren S. Ege, of Washington, D. C., was on the brief, for petitioner.

Mr. Newell A. Clapp, Special Asst. to the Atty. Gen., with whom Mr. Frederick N. Curley, Attorney, Department of Justice, was on the brief, for respondent.

Before EDGERTON, CLARK and GRONER, Associate Justices.


GRONER, J.

The case involves certain provisions of the Renegotiation Act.1

Appellant, in the summer of 1946, was found by Reconstruction Finance Corporation Price Adjustment Board to have received excessive profits in the fiscal year 1942 under contracts with one or more former subsidiaries of Reconstruction. The statute allows a contractor in such cases to file a petition with the Tax Court for "redetermination." Appellant...

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