Louis K. Liggett Co. v. Lee

Louis K. Liggett Co. v. Lee, 288 U.S. 517 (1933), is a corporate law decision from the United States Supreme Court.[1]

Louis K. Liggett Co. v. Lee
Seal of the United States Supreme Court
Argued January 12–13, 1933
Decided March 13, 1933
Full case nameLouis K. Liggett Co., et al. v. Lee, Comptroller, et al.
Citations288 U.S. 517 (more)
53 S. Ct. 481; 77 L. Ed. 929; 1933 U.S. LEXIS 51; 85 A.L.R. 699
Case history
PriorAppeal from the Supreme Court of Florida
Court membership
Chief Justice
Charles E. Hughes
Associate Justices
Willis Van Devanter · James C. McReynolds
Louis Brandeis · George Sutherland
Pierce Butler · Harlan F. Stone
Owen Roberts · Benjamin N. Cardozo
Case opinions
MajorityRoberts, joined by Hughes, Van Devanter, McReynolds, Sutherland, Butler
DissentCardozo, joined by Stone


The case involved retail business taxes in the Florida being based on the number of stores and not the value or sales of the stores.


Justice Brandeis agreed with the race to the bottom theory of corporate law, proposed by Adolf Berle and Gardiner Means in The Modern Corporation and Private Property (1932)

See alsoEdit


  1. ^ Louis K. Liggett Co. v. Lee, 288 U.S. 517 (1933).

External linksEdit