Case: BANNERCRAFT CLOTHING COMPANY, INC. v. THE UNITED STATES
Abbreviation: Bannercraft Clothing Co. v. United States
Decision Date: 1980-11-21
Docket Number: Nos. 354-74, 355-74, 131-76
Citation: 225 Ct. Cl. 767
Volume: 225
Reporter: United States Court of Claims Reports
Court: United States Court of Claims
Jurisdiction: United States
Parties: BANNERCRAFT CLOTHING COMPANY, INC. v. THE UNITED STATES
Judges: 
Pages: 767–767

Head Matter:
BANNERCRAFT CLOTHING COMPANY, INC. v. THE UNITED STATES
Nos. 354-74, 355-74, 131-76
[207 Ct. Cl. 199,
518 F. 2d 605]
[211 Ct. Cl. 359]

Opinion:
On November 21, 1980, based on a stipulation of the parties, the court ordered that for its fiscal years ended December 31, 1966, 1967 and 1968, plaintiff realized excessive profits in the amounts of $17,500, $845,000 and $17,500, respectively, less appropriate state and federal tax credits, if any, plus interest on the net amount of excessive profits due defendant at varying rates established by the Secretary of the Treasury from the date thereof and further ordered that defendant's counterclaims are dismissed.