US Says 2nd Circ. Ruling Hurts Sovereign In $234M Tax Row

By Eric Kroh · September 11, 2015, 3:18 PM EDT

A recent decision in the Second Circuit hamstrings Sovereign Bancorp's argument that it should not owe the government some $234 million in taxes, interest and penalties on an international securities transaction,...

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Case Information

Case Title

Sovereign Bancorp, Inc. v. United States of America

Case Number

1:09-cv-11043

Court

Massachusetts

Nature of Suit

Taxes

Date Filed

June 17, 2009