|
United States v. Atlantic Refining Co., 360 U.S. 19 (1959)
Contents:
Show Summary
Hide Summary
General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
United States v. Atlantic Refining Co., 360 U.S. 19 (1959)
United States v. Atlantic Refining Co. No. 210 Argued April 22, 1959 Decided June 8, 1959 360 U.S. 19
APPEAL FROM THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF COLUMBIA
A suit by the Government under the Interstate Commerce Act and the Elkins Act against appellees and several other major oil companies and their common carrier pipeline subsidiaries, charging that the pipelines were granting illegal transportation rebates to their shipper-owners under the guise of paying dividends, was settled in 1941 by a consent decree which allowed each shipper-owner to receive only a dividend equal to "its share of 7 percentum (7%) of the valuation" of the common carrier pipeline’s property. From then until 1957, appellees, with the acquiescence of the Government, computed allowable dividends by taking 7% of the total valuation of the pipeline’s property and giving each owner a proportion of this sum equal to the percentage of stock it owned. In 1957, the Government brought this suit, contending that, despite the language of the decree, only 7% of that part of the valuation of a pipeline’s property which remained after deducting the amount owed to creditors could be paid as dividends to stockholders. The trial court rejected the Government’s interpretation.
Held: the judgment is affirmed. Pp. 20-24.
Contents:
Chicago:
U.S. Supreme Court, "Syllabus," United States v. Atlantic Refining Co., 360 U.S. 19 (1959) in 360 U.S. 19 360 U.S. 20. Original Sources, accessed August 30, 2025, http://www.originalsources.com/Document.aspx?DocID=DXG73X55IB843S1.
MLA:
U.S. Supreme Court. "Syllabus." United States v. Atlantic Refining Co., 360 U.S. 19 (1959), in 360 U.S. 19, page 360 U.S. 20. Original Sources. 30 Aug. 2025. http://www.originalsources.com/Document.aspx?DocID=DXG73X55IB843S1.
Harvard:
U.S. Supreme Court, 'Syllabus' in United States v. Atlantic Refining Co., 360 U.S. 19 (1959). cited in 1959, 360 U.S. 19, pp.360 U.S. 20. Original Sources, retrieved 30 August 2025, from http://www.originalsources.com/Document.aspx?DocID=DXG73X55IB843S1.
|