Major Coat Co. v. United States

This renegotiation case comes before the court on plaintiff’s and defendant’s exceptions to findings of fact* and the opinion issued on July 25,1975, by Trial Judge George Willi, in accordance with Buie 134(h), in which he held that plaintiff realized excessive profits of $711,231. Plaintiff, Major Coat Company, Inc.,1 brought this action seeking a redeter-mination of a unilateral order of the Benegotiation Board (the board) that it realized $740,760 in excessive profits, before federal income taxes, out of total net profits of $1,079,962 for its fiscal year ended January 31,1968 (FY 1968).…