Koppers Co. v. Driscoll

GIBSON, District Judge.

The plaintiff is successor in interest to the Aden Company, the taxpayer. The Aden Company was incorporated under the laws of Delaware on July 18, 1928, and had its principal office in Pittsburgh, Pennsylvania, until October 14, 1936, when it surrendered its charter and was dissolved. The plaintiff herein was its sole stockholder.

For the period ending June 30, 1934, the Aden Company had declared the value of its capital stock as $345,000. In 1935 the Koppers Gas & Coke Company (later name changed to Koppers Company), then its sole stockholder, contributed to the capital…