Texas Plastics Co. Seeks To Nix Full Captive Rules In 5th Circ.

By Kat Lucero · May 1, 2026, 3:14 PM EDT

A plastics company is appealing a Texas district court's decision to partially vacate IRS regulations that listed captive insurance as potentially abusive tax avoidance schemes and will ask the Fifth Circuit...

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Case Information

Case Title

Drake Plastics Ltd. Co. et al v. Internal Revenue Service et al

Case Number

4:25-cv-02570

Court

Texas Southern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

June 04, 2025