Globe Products Corporation v. United States

JOSEPH H. YOUNG, District Judge.

This is a suit to enjoin the collection of a tax and to quiet title to property of the taxpayer on which the Government is threatening to levy to satisfy the tax. For the reasons discussed below, the injunction sought by plaintiff may not issue, and the Government’s motion for summary judgment will be granted.

During the years 1959 through 1962, Globe Products, Inc., (Globe) was one of forty-two wholly-owned subsidiaries of the parent corporation, Premier Corporation of America (Premier). Premier and its subsidiaries filed consolidated federal tax returns for…