United States v. Frank M. Hill Machine Co.

SWEENEY, Chief Judge.

This is an action brought pursuant to § 403 of the Renegotiation Act, 56 Stat. 226, 245, 50 U.S.C.A.Appendix, § 1191, in which the United States is seeking to recover from the defendant excessive profits realized by it during the period from April 28, 1942 to December 21, 1942.

Findings of Fact.

On July 11, 1944 the Under Secretary of War acting under the authority of the Renegotiation Act determined that the defendant had realized excessive profits to the extent of $335,000 from April to December, 1942. It was allowed a tax credit of $268,528.73 from this sum by virtue of…