Ligget Co. v. Lee

Louis K. Liggett Co. v. Lee
Supreme Court of the United States
Argued January 12–13, 1933 Decided March 13, 1933
Full case name	Louis K. Liggett Co., et al. v. Lee, Comptroller, et al.
Citations	288 U.S. 517 (more) 53 S. Ct. 481; 77 L. Ed. 929; 1933 U.S. LEXIS 51; 85 A.L.R. 699
Prior history	Appeal from the Supreme Court of Florida
Case opinions
Majority	Roberts, joined by Hughes, Van Devanter, McReynolds, Sutherland, Butler
Dissent	Brandeis
Dissent	Cardozo, joined by Stone

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

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)