Dall v. Commissioner
United States Tax Court
Petitioner commenced a derivative stockholder's suit against Tennessee Gas and Transmission Company in a United States District Court on April 23, 1945. He proposed a settlement of the action which was accepted and was approved by the District Court on January 15, 1946. Such settlement provided that petitioner would receive 140.5 shares of stock to compensate him for expenses incurred in prosecuting the suit and to be incurred by him in implementing a natural gas purchase…
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Petitioner commenced a derivative stockholder's suit against Tennessee Gas and Transmission Company in a United States District Court on April 23, 1945. He proposed a settlement of the action which was accepted and was approved by the District Court on January 15, 1946. Such settlement provided that petitioner would receive 140.5 shares of stock to compensate him for expenses incurred in prosecuting the suit and to be incurred by him in implementing a natural gas purchase contract. Petitioner received stock having a value of $ 15,235.42 pursuant to the above-described settlement, which he…
1Opinion of the Court
Curtis B. Dall, Petitioner, v. Commissioner of Internal Revenue, Respondent
Dall v. Commissioner
Docket No. 35276
United States Tax Court
23 T.C. 580; 1954 U.S. Tax Ct. LEXIS 5;
December 31, 1954, Filed
Decision will be entered for the respondent.
Petitioner commenced a derivative stockholder's suit against Tennessee Gas and Transmission Company in a United States District Court on April 23, 1945. He proposed a settlement of the action which was accepted and was approved by the District Court on January 15, 1946. Such settlement provided that petitioner would receive 140.5 shares of stock to…
2Cases cited3 opinions
- Myers v. CommissionerUnited States Tax Court · 1948
- Love v. United StatesDistrict Court, E.D. Missouri · 1949
- Dall v. CommissionerUnited States Tax Court · 1954