Perkins v. United States

LITTLETON, Judge.

The principal question presented is the amount of profit realized by plaintiff in 1929 on sales of corporate stock, a par,t of which he acquired as original purchases and a part through the exercise of rights on the stock then held. Plaintiff realized a profit, but disagrees with defendant as to the amount, the difference being due largely to the method employed by the parties in arriving at the cost of the stock sold.

Prior to the issuance of any rights to subscribe to stock, plaintiff acquired three separate lots of stock of the American Cyanamid Company having a par value…