WALTER E. HOFFMAN, District Judge.
The issue in this case is whether a department store's loss on the sale of common stock of one of its suppliers is a deductible business expense or a capital loss under the circumstances presented.
Plaintiff has for many years operated a substantial retail department store in the main business district of Norfolk, Virginia. Since 1951 it has also operated a branch at Virginia Beach, and, shortly thereafter, opened a branch...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.