UNITED STATES v. WORRELL

No. 25359.

398 F.2d 427 (1968)

UNITED STATES of America, Appellant, v. Rives E. and Lillian B. WORRELL, Appellees.

United States Court of Appeals Fifth Circuit.

July 18, 1968.


Attorney(s) appearing for the Case

Mitchell Rogovin, Asst. Atty. Gen., Richard C. Pugh, Acting Asst. Atty. Gen., Lee A. Jackson, Harry Baum, Stephen H. Paley, Attys., Dept. of Justice, Washington, D. C., Donald H. Fraser, U. S. Atty., Savannah, Ga., for appellant; W. Reeves Lewis, Asst. U. S. Atty., of counsel.

Julian F. Corish, Savannah, Ga., for appellees; Corish, Smith & Remler, Savannah, Ga., of counsel.

Before TUTTLE and DYER, Circuit Judges, and MEHRTENS, District Judge.


PER CURIAM:

This is another case in which a stockholder and officer of a closely held corporation seeks to deduct as ordinary losses or as business bad debts amounts paid by him as an indemnitor of the corporation's surety creditor. The case was tried by the district court solely on stipulations and documentary exhibits, 269 F.Supp. 897. The facts presented to the trial court are substantially identical with those which were before...

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