JCI Investors Fight To Protect Tax Suit Over $16.6B Inversion

Law360, New York (May 18, 2017, 6:53 PM EDT) -- A putative class of Johnson Controls Inc. shareholders told a Wisconsin federal court Thursday that there is undeniable proof that they weren’t warned of being shortchanged by more than $5 billion when the company attempted to dodge tax liabilities related to its merger with Tyco International PLC.

The shareholders fought to maintain their claims that accuse Johnson Controls of tricking them into shouldering tax costs related to the $16.6 billion merger, saying the company and its top brass knowingly targeted minority shareholders to be taxed so...
To view the full article, register now.