Legal Opinion
Haynes v. United States
United States Court of Claims
Decided June 7, 1943No. 45724PublishedCited by 6 opinions
1Opinion of the Court
MADDEN, Judge.
On April 17, 1936, plaintiff sold his 567% shares of the stock of the Haynes Production Company to the Standard Oil Company of Louisiana. On the same day all the other stockholders in the Haynes Co. also sold their shares, to Standard, the total number of all the shares, including plaintiffs being 1,750. For all the shares, Standard paid in cash $3,663,141.04, which was divided ratably among the sellers, and promised to pay $10,000,000 more, in monthly deferred payments but only to the extent of the value of three-sixteenths of seven-eighths of the oil and gas produced from the…
2Cases cited5 opinions
- Anderson v. HelveringSupreme Court of the United States · 1940
- Thomas v. PerkinsSupreme Court of the United States · 1937
- Helvering v. Bankline Oil Co.Supreme Court of the United States · 1938
- Helvering v. Elbe Oil Land Development Co.Supreme Court of the United States · 1938
- Helvering v. O'DONNELLSupreme Court of the United States · 1938
3Cited by6 opinions
- Commissioner of Internal Revenue v. CarterCourt of Appeals for the Second Circuit · 1948
- Tuttle v. United StatesUnited States Court of Claims · 1951
- Warren v. United StatesUnited States Court of Claims · 1959
- Grinnell Corporation v. The United StatesUnited States Court of Claims · 1968
- Warren v. United StatesUnited States Court of Claims · 1959
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