Tool Products Co. v. United States

This consolidated case involves three petitions for redetermination of excessive profits under 50 U.S.C. App. § 1218. It covers plaintiffs fiscal years ending August 31, 1966, 1968, and 1969, the fiscal year 1967 being omitted because settled. References to years herein will mean the company’s fiscal years unless otherwise stated. The Renegotiation Board determined unilaterally that for 1966 plaintiff realized excessive profits to be eliminated in the amounts of $175,000, for 1968, $225,000, and for 1969, $150,000, in all cases subject to appropriate adjustment and credit for state and…