Consolidated Equities, Inc. v. White

BREWSTER, District Judge.

This action is to recover for sums paid for stamps on transfers of stock .in plaintiff corporation which, it is alleged, was a tax .unlawfully exacted. The facts are stipulated. Briefly summarized, the essential facts are that the "plaintiff was organized under the laws of Massachusetts pursuant to a plan to consolidate three investment corporations, namely, Incorporated Equities; Second Incorporated Equities, and United Equities, Inc. (hereinafter referred to as the old corporations). The stock of these corporations was held by voting trustees ; the investors holding…