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United States of America v. Bond
Case Number:
12-4803
Court:
Nature of Suit:
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August 13, 2014
2nd Circ. Axes $3.8M Tax Refund In PT-1 Trustee Case
The Second Circuit on Wednesday overturned a $3.8 million tax refund award, the result of deals made more than a decade ago, given to a trustee of bankrupt PT-1 Communications Inc. after finding the bankruptcy court that awarded the money didn't have the authority to determine the refund claim.
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November 18, 2013
PT-1 Trustee Owes Part Of $9M Tax Refund, 2nd Circ. Hears
The federal government told the Second Circuit on Friday that it's entitled to recoup part of an $8.7 million tax refund paid to bankrupt PT-1 Communications Inc.'s trustee to offset a tax liability related to a settlement over the 2001 sale of PT-1's phone card business to IDT Corp.