Electronics Manufacturer Loses $48.5M Tax Fight In Chancery

By Jarek Rutz ( January 22, 2026, 5:56 PM EST) -- The Delaware Chancery Court has dismissed a bid by electronics manufacturer Flex Ltd. to claw back a $48.5 million tax distribution following its 2024 spinoff of Nextracker Inc., ruling that the parties' tax agreement, not broader separation provisions, squarely allocated the disputed tax liability to Flex....

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