United States v. Ring Const. Co.

NORDBYE, Chief Judge.

This cause came before the Court on plaintiffs’ motion for a summary judgment.

Pursuant to the Renegotiation Act of 1942, 56 Stat. 226, 245, 50 U.S.C.A.Appen*218dix, § 1191, the Secretary of War determined that the defendant, Ring Construction Company, had realized excessive profits from war contracts with the United States, and on December ZO, 1943, the Secretary entered a unilateral determination of such profits in the net amount of $293,844.24 and demanded their repayment. Defendant immediately filed a petition for redetermination of excessive profits under the provisions…