Trustee’s Attack on Merger Projections Fails to Resonate With Court
Court says trustee fails to show debtor was insolvent under any applicable financial condition tests; contemporaneous industry analysis and valuations by financing banks belie claim that management projections in support of merger were unreasonable.
Trustee’s Attack on Merger Projections Fails to Resonate With Court
Court says trustee fails to show debtor was insolvent under any applicable financial condition tests; contemporaneous industry analysis and valuations by financing banks belie claim that management projections in support of merger were unreasonable.
Weisfelner v. Blavatnik (In re Lyondell Chem. Co.)
Court says trustee fails to show debtor was insolvent under any applicable financial condition tests; contemporaneous industry analysis and valuations by financing banks belie claim that management projections in support of merger were unreasonable.
Buy-Sell Agreements Fail Lauder II Test and Are Considered Testamentary Devices
This 336-page estate and gift case deals with a $75,935,883 tax deficiency and $30,328,153 in associated penalties asserted by the IRS.
Estate of True v. Commissioner
1Cases of the following petitioners are consolidated herewith: Jean D. True, docket No. 3408-98 and Estate of H.A. True, Jr., Deceased, H.A. True, III, Personal Representative, docket No. 3409-98. T.C. Memo. 2001-167 UNITED STATES TAX COURT ESTATE OF H.A. TRUE, JR., DECEASED, H.A. TRUE, III, PERSONAL REPRESENTATIVE, AND JEAN D. TRUE, ET AL.1, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 10940-97, 3408-98, Filed July 6, 2001. 3409-98. Buford P. Berry, Emily A. Parker ...
Buy-Sell Agreements Are Testamentary Devices
This 336-page estate and gift case deals with a $75,935,883 tax deficiency and $30,328,153 in associated penalties asserted by the IRS.
Buy-Sell Agreements Do Not Control for Estate Tax Purposes
The Tax Court considered whether buy-sell agreements controlled the value of the business interests the decedent held for estate and gift tax purposes.
William I Koch v. Koch Industries, Inc.
At issue is misrepresentation and omission of material facts during stock purchase negotiation, including evidentiary issues.
Howell Crude Oil Company v. Donna Refinery
The Texas Court of Appeals at Houston affirmed a jury's award of actual damages in this breach of contract to supply oil matter.
Crude Calculation Sufficient to Uphold Jury Award of Lost Profits
The Texas Court of Appeals at Houston affirmed a jury's award of actual damages in this breach of contract to supply oil matter.
Appeals Court Remands for New Damages Determination Based on Improper Monopolization Verdict
At issue in this case are price discrimination damages, anti-trust damages, and tort damages.
Coastal Fuels of Puerto Rico, Inc. v. Caribbean Petroleum Corporation
At issue in this case are price discrimination damages, anti-trust damages, and tort damages.
Estate of Winkler v. Commissioner
Tax Court provides guidance on report writing to avoid “random walk approach” and finds respondent’s expert failed to detail thought processes underlying valuation conclusions in appraisal report.