Legal Opinion
Lehman Bros. Bank, FSB v. State Bank Commissioner
Supreme Court of Delaware
Decided November 9, 2007No. 656, 2006PublishedCited by 16 opinions
1Opinion of the Court
JACOBS, Justice:
Appellant Lehman Brothers Bank, FSB appeals from a Superior Court Order 1 affirming a decision by the State Bank Commissioner (the “Commissioner”) 2 assessing additional franchise tax and penalties against the Bank for the tax years 2000, 2001, 2002 and 2003. We affirm that portion of the Order upholding the imposition of additional franchise tax, reverse that portion upholding the assessment of penalties, and remand the case for further proceedings.
FACTS AND PROCEDURAL BACKGROUND
The material facts are undisputed. Since the 1980s, Lehman Brothers Holdings, Inc. (“LBH”) has…
2Cases cited57 opinions
- Florida Lime & Avocado Growers, Inc. v. PaulSupreme Court of the United States · 1963
- Corning Glass Works v. BrennanSupreme Court of the United States · 1974
- United States v. BoyleSupreme Court of the United States · 1985
- Complete Auto Transit, Inc. v. BradySupreme Court of the United States · 1977
- Quill Corp. v. North Dakota Ex Rel. HeitkampSupreme Court of the United States · 1992
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3Cited by16 opinions
- Vann v. Town of CheswoldSupreme Court of Delaware · 2008
- Lehman Bros. Holdings Inc. v. Universal American Mortgage Co.District Court, D. Colorado · 2014
- Ford Motor Co. v. Director of RevenueSupreme Court of Delaware · 2008
- Director of Revenue v. DIAL CORPORATIONSupreme Court of Delaware · 2008
- Beach Babies Child Care, Inc. v. HurdSuperior Court of Delaware · 2015
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