Legal Opinion
National Security Systems, Inc. v. Iola
Court of Appeals for the Third Circuit
Decided November 8, 2012No. 10-4154, 10-4155PublishedCited by 110 opinions
1Opinion of the Court
OPINION
CHAGARES, Circuit Judge.
We are called upon once again to address litigation arising out of a tax avoidance scheme devised in the late 1980s. 1 Defendant James Barrett, a financial planner, induced the plaintiffs, four small New Jersey corporations and their respective owners, to adopt an employee welfare benefit plan known as the Employers Participating Insurance Cooperative (“EPIC”). EPIC’s advertised tax benefits, the plaintiffs discovered years later, were illusory; the scheme masqueraded as a multiple employer welfare benefit plan, but in fact was a method of deferring…
2Cases cited92 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Firestone Tire & Rubber Co. v. BruchSupreme Court of the United States · 1989
- Holland v. FloridaSupreme Court of the United States · 2010
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- Shaw v. Delta Air Lines, Inc.Supreme Court of the United States · 1983
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3Cited by110 opinions
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- Plastic Surgery Center, P.A. v. Aetna Life Insurance CoCourt of Appeals for the Third Circuit · 2020
- Alexander Menkes v. Prudential Insurance Co of AmeCourt of Appeals for the Third Circuit · 2014
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