PLAUT v. SMITH

Civil Action No. 963.

82 F.Supp. 42 (1949)

PLAUT v. SMITH, Collector of Internal Revenue.

United States District Court D. Connecticut.

January 6, 1949.


Attorney(s) appearing for the Case

Raymond E. Hackett, of Stamford, Conn., for plaintiff.

Adrian W. Maher, U. S. Atty., of New Haven, Conn., E. J. Lonergan, Asst. U. S. Atty., of Hartford, Conn., and William B. Waldo, Sp. Asst. to Atty. Gen., for defendant.


HINCKS, Chief Judge.

This action grows out of a controversy over the valuation of common stock of the Lehn and Fink Products Corporation, hereinafter referred to as "L. F.", — a Delaware corporation engaged on a nation-wide scale in the business of manufacturing drugs, of selling the same at wholesale, and of selling at retail certain proprietary products.

During the year 1938 the plaintiff sold part of his holdings of L. F. common stock: from the sale...

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