Newport Co. v. United States

DUFFY, District Judge.

The plaintiff is a Delaware corporation, organized in July, 1919, to engage in the manufacture and production of dye stuffs and other chemicals. In the same year it acquired all of the capital stock of the Newport Hydro Carbon Company, a Maine corporation; it thereafter consolidated with that company so that all of the assets of the Newport Hydro Carbon Company were conveyed to the plaintiff. The Hydro Carbon Company was dissolved. By reason of the transfer of the assets, the plaintiff became the owner of the claims for refund of taxes which are the basis of this action,…