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Expert Analysis

11th Circ. Sows Doubt Over Insolvent Bank Tax Refunds

Law360, New York (January 3, 2014, 6:04 AM EST) -- In the context of the insolvencies of banks and their holding companies, one highly litigated issue has been the ownership of tax refunds that result from losses suffered by the bank. While early in 2013 the issue may have seemed fairly settled, two Eleventh Circuit decisions have left the direction of the law on this issue uncertain....

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