Federal Paper Bd. Co. v. Commissioner
United States Tax Court
In March 1976, P and other defendants were indicted for Federal antitrust law violations that involved folding cartons and not milk cartons. P pleaded nolo contendere to the charges set forth in the indictment. Subsequently, P paid amounts to settle antitrust litigation brought under sec. 4 of the Clayton Act. P paid a portion of those amounts to plaintiffs to settle a class action.
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In March 1976, P and other defendants were indicted for Federal antitrust law violations that involved folding cartons and not milk cartons. P pleaded nolo contendere to the charges set forth in the indictment. Subsequently, P paid amounts to settle antitrust litigation brought under sec. 4 of the Clayton Act. P paid a portion of those amounts to plaintiffs to settle a class action. P paid the remainder of those amounts to plaintiffs that chose not to participate in the settlement of the class action (opt-outs) -- the opt-outs chose, instead, to negotiate on their own behalves with P and…
1Opinion of the Court
Federal Paper Board Co., Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
Federal Paper Bd. Co. v. Commissioner
Docket No. 34291-83
United States Tax Court
90 T.C. 1011; 1988 U.S. Tax Ct. LEXIS 67; 90 T.C. No. 67; 1988-2 Trade Cas. (CCH) P68,188;
May 16, 1988. May 16, 1988, Filed
Decision will be entered under Rule 155.
In March 1976, P and other defendants were indicted for Federal antitrust law violations that involved folding cartons and not milk cartons. P pleaded nolo contendere to the charges set forth in the indictment. Subsequently, P paid amounts to settle antitrust…
2Cases cited17 opinions
- Texas Industries, Inc. v. Radcliff Materials, Inc.Supreme Court of the United States · 1981
- United States v. GilmoreSupreme Court of the United States · 1963
- Chattanooga Foundry & Pipe Works v. City of AtlantaSupreme Court of the United States · 1906
- Mason K. Knuckles and Bernice A. Knuckles v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1965
- Boagni v. CommissionerUnited States Tax Court · 1973
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