Lehman Bros., US Reach Deal In $67M Foreign Tax Credit Row

Law360, New York (January 10, 2017, 5:03 PM EST) -- Lehman Brothers Holdings Inc. and the U.S. government have settled a dispute over a $67.1 million federal tax refund claimed by the bankrupt investment firm for United Kingdom taxes, with Lehman Brothers getting a tenth of that figure while dodging more than $18 million in related penalties.

The settlement, signed in December and filed on Tuesday, ends Lehman Brothers' Second Circuit appeal of a federal ruling that barred the long-bankrupt investment bank from offsetting U.S. tax payments on its 1999 and 2000 returns based on U.K. levies...
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Case Information

Case Title

Lehman Brothers Holdings Inc. v. United States of America

Case Number



New York Southern

Nature of Suit

Bankruptcy Withdrawal


Richard M. Berman

Date Filed

August 18, 2010

Law Firms


Government Agencies

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