AIG Gets Quick Appeal Of Tax Credit Issue In $306M Suit

Law360, New York (November 5, 2013, 6:09 PM EST) -- A New York federal judge on Monday granted American International Group Inc.'s bid for a quick appeal over whether the government should have granted the insurer substantial foreign tax credits for a series of overseas transactions in a $306 million tax refund suit.

U.S. District Judge Louis L. Stanton certified a March order denying AIG's motion for partial summary judgment for interlocutory appeal on the issue of whether the transactions in question lacked economic substance and were intended only to generate a multimillion tax windfall for...
To view the full article, register now.




Case Information

Case Title

American International Group, Inc. v. United States of America

Case Number



New York Southern

Nature of Suit



Louis L. Stanton

Date Filed

February 27, 2009

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.