Julius Ruderman v. United States

LUMBARD, Chief Judge:

Julius Ruderman brought this refund suit to recover interest charges assessed against him as transferee of the assets of * Sitting by designation.

D. I. Stone Co., Inc., and paid under protest. 1 The district court denied the claim and we affirm that denial.

All the facts have been stipulated. During the years 1943-1945, Ruderman was the president and 50% stockholder of D. I. Stone Co., Inc., a New York corporation engaged in the manufacture and sale of ladies blouses. 2 Wishing to maintain production despite wartime shortages, Stone purchased some of its material on the…