Id. at 329. The General Insurance test was applied by this Court in Robins Weill Inc. v. United States, 382 F. Supp. 1207 (M.D.N.C. 1974). In Robins the taxpayer corporation had purchased insurance accounts and covenants not to compete from two insurance agencies.
Moog Industries, Inc. v. FTC, 355 U.S. 411, 413, 78 S.Ct. 377, 379, 2 L.Ed.2d 370 (1958). Accord, FTC v. Universal-Rundle Corp., 387 U.S. 244, 87 S.Ct. 1622, 18 L.Ed.2d 749 (1967); Kixmiller v. SEC, 160 U.S.App.D.C. 375, 492 F.2d 641, 645 (1974); United States v. Hunter, 459 F.2d 205, 220-221 (4th Cir.), cert. denied, 409 U.S. 934, 93 S.Ct. 235, 34 L.Ed.2d 189 (1972); L. G. Balfour Co. v. FTC, 442 F.2d 1, 2 (7th Cir. 1971); Robins Weill, Inc. v. United States, 63 F.R.D. 73 (M.D.N.C. 1974). There is no allegation that the proceedings against LP stem from racial or religious animosity, see, e.g., Oyler v. Boles, 368 U.S. 448, 454-456, 82 S.Ct. 501, 505-506, 7 L.Ed.2d 446 (1962); Yick Wo v. Hopkins, 118 U.S. 356, 6 S.Ct. 1064, 30 L.Ed. 220 (1886); United States v. Swanson, 509 F.2d 1205, 1208-1209 (8th Cir. 1975), or from a desire to punish LP for exercising its constitutional rights, see, e.g., United States v. Berrios, 501 F.2d 1207 (2d Cir. 1974), United States v. Falk, 479 F.2d 616 (7th Cir. 1973) (en banc).
Exclusive of the amounts for the covenant not to compete and interest, the price paid by Miller Sons was for two kinds of intangible assets: (1) goodwill or property in the nature of goodwill and (2) for the information in the 1,383 expirations and accompanying records. General Ins. Agency, Inc. v. Commissioner, 401 F.2d 324 (4th Cir. 1968); Robins Weill, Inc. v. United States, 382 F. Supp. 1207, 1216 (M.D.N.Car. 1974). By acquisition of the Arch expirations, Miller Sons, at one stroke, nearly doubled its volume.
See Bergen Rambler, Inc. v. American Motors Sales Corp., 30 F.R.D. 334, 336-337 (D.N.J. 1962). See also Robins Weill, Inc. v. United States, 63 F.R.D. 73, 76-77 (M.D.N.C. 1974). Judgment affirmed.