This section contains the nature of the case and procedural background.

Raytheon filed a suit and alleged that the illegal conduct of R.C.A. completely destroyed the profitable interstate and foreign commerce of its tube business. Raytheon alleged that by 1928, its business with a value in excess of three million dollars was now worthless. The allegations and evidence of the amount of profits was used to establish goodwill and a method on which to recover a return of capital. The suit was ended in a compromise settlement. The IRS got involved and said that this settlement was taxable as income. Raytheon disagreed and appealed that decision.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.