AIG Gets Quick Appeal Of Tax Credit Issue In $306M Suit

Law360, New York (November 5, 2013, 6:09 PM EST) -- A New York federal judge on Monday granted American International Group Inc.'s bid for a quick appeal over whether the government should have granted the insurer substantial foreign tax credits for a series of overseas transactions in a $306 million tax refund suit.

U.S. District Judge Louis L. Stanton certified a March order denying AIG's motion for partial summary judgment for interlocutory appeal on the issue of whether the transactions in question lacked economic substance and were intended only to generate a multimillion tax windfall for...
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