Ligget Co. v. Lee
| Louis K. Liggett Co. v. Lee | |
|---|---|
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| Argued January 12–13, 1933 Decided March 13, 1933 |
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| 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
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| Prior history | Appeal from the Supreme Court of Florida |
| 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.
The case involved retail business taxes in the Florida being based on the number of stores and not the value or sales of the stores.
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)
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