Star-Journal Publishing Corp. v. United States

JONES, Chief Judge.

The single issue in this case is whether plaintiff was entitled to deduct for income and excess profits tax purposes losses1 which it alleges were the direct *440result of the decision of the Supreme Court in the case of Associated Press v. United States, 1945, 326 U.S. 1, 65 S.Ct. 1416, 89 L.Ed. 2013.

In that case the Supreme Court held that the action of the Associated Press (hereinafter referred to as AP) in endeavoring to grant the exclusive right to any one of its members to the AP services in its community was illegal in that it was a restraint of trade in interstate…