Law360, New York (July 02, 2012, 12:58 PM ET) -- In Prudential Insurance Co. of America v. Wrynn, No. 102267- 2011, 2012 N.Y. Slip Op. 22111 (N.Y. Sup. Ct., Apr. 16, 2012), the Supreme Court, New York County, denied Prudential’s claim against the superintendent of the New York State Department of Insurance for a refund and credit against retaliatory tax.
Prudential claimed that an additional payment of the Article 33 franchise tax on insurance companies entitled it to a refund and credit against retaliatory tax arising in prior years.
In New York, the Insurance Department is...
Prudential V. Wrynn: A Chance To Review Retaliatory Tax
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