Legal Opinion
Bethlehem Steel Corporation v. The United States
United States Court of Claims
Decided December 11, 1970No. 309-65PublishedCited by 9 opinions
1Opinion of the Court
OPINION
DAVIS, Judge.
In this income tax refund suit for 1956, the litigants have stipulated the facts, and the issue is purely one of law. In 1955 taxpayer Bethlehem Steel Corporation issued for public distribution $191,659,000 of its 314% twenty-five year debentures, due May 1, 1980, on which interest was payable semi-annually on May 1 and November 1. Under the terms of the indenture (dated May 1, 1955), the debentures were convertible into Bethlehem’s common stock, at the holder’s option, at any time up to and including May 1, 1965 (unless sooner called for redemption). The conversion price…
2Cases cited8 opinions
- United States v. SeckingerSupreme Court of the United States · 1970
- George W. Sturm, Doing Business as George W. Sturm Associates v. The United StatesUnited States Court of Claims · 1970
- Simon Jaglom and Marie Jaglom v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1962
- Singer-General Precision, Inc. v. The United StatesUnited States Court of Claims · 1970
- Com'r of Internal Revenue v. Capento Securities Corp.Court of Appeals for the First Circuit · 1944
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Scott Paper Co. v. CommissionerUnited States Tax Court · 1980
- The Columbia Gas System, Inc. v. United StatesCourt of Appeals for the Second Circuit · 1973
- St. Louis-San Francisco Railway Company v. The United StatesUnited States Court of Claims · 1971
- Marathon Oil Company, Survivor by Merger of Husky Oil Company, Cross-Appellee v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Tenth Circuit · 1987
- Tandy Corporation v. United StatesCourt of Appeals for the Fifth Circuit · 1980
4 more not listed; retrieve them via the Exa API.