United States Steel Corp. v. United States

OPINION ON RECONSIDERATION

MEROW, Judge:

On January 7,1987, the defendant moved for reconsideration and alteration of one part of the opinion in the case captioned above, dated December 22, 1986, 11 Cl.Ct. 375, in which the “issue price” of the plaintiff’s debentures, for purposes of computing taxable income on their repurchase, was found to be equal to the fair market value of the preferred shares exchanged for the debentures. No response to this motion has been obtained.*

The December 22, 1986 opinion interpreted the language in defendant’s briefs to reflect a change in position as to issue…