Supreme Court Refuses Lehman Tax Case

Law360, New York (April 29, 2008, 12:00 AM EDT) -- A Delaware subsidiary of Lehman Brothers Holdings Inc. may soon be forced to write a $10 million check to the state government, after the U.S. Supreme Court refused to hear Lehman's appeal of a Delaware Superior Court ruling pinning the tax bill on the bank.

The U.S. Supreme Court denied Lehman's petition for certiorari on Monday, meaning that a November 2006 ruling by the Delaware Supreme Court, which held the Lehman subsidiary liable for $10 million in tax payments, will stand.

Lehman had petitioned for review...
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