Legal Opinion
Bernicker v. Pratt
District Court, E.D. Pennsylvania
Decided October 18, 1984No. Civ. A. 83-5645PublishedCited by 8 opinions
1Opinion of the Court
MEMORANDUM and ORDER
JOSEPH S. LORD, III, Senior District Judge.
Plaintiffs claim they relied on the allegedly fraudulent advice of defendant Pratt in deciding to invest in certain tax straddles. Plaintiffs further allege they invested in the scheme for the sole purpose of deferring payment of tax on substantial capital gains. Unfortunately for plaintiffs, however, the Internal Revenue Service (IRS) recently challenged and disallowed the deductions related to the tax straddles. After learning that they would have to pay the IRS more than $53,000 plus interest and penalty, plaintiffs brought…
2Cases cited14 opinions
- Freedman v. Amalgamated Sugar Co.District Court, E.D. Pennsylvania · 1976
- Robert P. BIGGANS, Appellant, v. BACHE HALSEY STUART SHIELDS, INC., F/T/A Bache Halsey Stuart, Inc.Court of Appeals for the Third Circuit · 1981
- YOUNG v. KayeSupreme Court of Pennsylvania · 1971
- Tarlo's EstateSupreme Court of Pennsylvania · 1933
- Bickell v. SteinSuperior Court of Pennsylvania · 1981
9 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Malley-Duff & Associates, Inc. v. Crown Life Insurance Co.Court of Appeals for the Third Circuit · 1986
- A.J. Cunningham Packing Corp. v. Congress Financial Corp.Court of Appeals for the Third Circuit · 1986
- Fustok v. Conticommodity Services, Inc.District Court, S.D. New York · 1985
- Jairett v. First Montauk Securities Corp.District Court, E.D. Pennsylvania · 2001
- Malley-Duff & Associates, Inc. v. Crown Life InsuranceCourt of Appeals for the Third Circuit · 1986
3 more not listed; retrieve them via the Exa API.