3rd Circ. Affirms Tax On Interest In $191M Pharma Family Feud

By Anna Scott Farrell ( October 30, 2025, 3:11 PM EDT) -- A pharmaceutical company's $191 million payment settling a family feud was for the sale of a family trust's ownership shares and included interest taxed as ordinary income, the Third Circuit said Thursday, rejecting the trust's claim that the money should be taxed at the lower, capital gains rate....

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