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5th Circ. Won't Rehear Tax Suit Over $84M Oil Co. Stock

By Vidya Kauri (August 27, 2015, 3:00 PM EDT) -- The Fifth Circuit unanimously denied requests for an en banc hearing Wednesday from the family of deceased oil tycoon J. Howard Marshall, after ruling last week that the family can be held liable for unpaid gift taxes on $84 million generated by Marshall selling his stock back to Marshall Petroleum Inc. but striking millions in interest liability....

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