Louis K. Liggett Co. v. Lee

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Louis K. Liggett Co. v. Lee
Seal of the United States Supreme Court.svg
Argued January 12–13, 1933
Decided March 13, 1933
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
Court membership
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.



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.

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