Ohio Pumped Up Chrysler's Tax Liabilities: Suit

Law360, New York (January 3, 2012, 7:15 PM EST) -- The liquidating trust for the bankrupt remnants of Chrysler LLC filed an adversary lawsuit Friday in New York seeking millions of dollars in tax refunds from the Ohio Department of Taxation, claiming the state greatly overstated the taxes owed by the car company.

The trust says Ohio estimated arbitrarily and incorrectly the tax burden of the car company, known as Old Carco LLC in the bankruptcy proceedings, and wants the court to disallow Ohio's tax claims against it and to determine the correct amount the trust...
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