Legal Opinion
IBM Credit Financing Corp. v. Mazda Motor Manufacturing (USA) Corp.
New York Supreme Court
Decided May 30, 1996PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
Edward J. Greenfield, J.
This case had its genesis back in the heyday of tax shelters, when tax benefits could readily be transferred, bought and sold from one corporation to another. It involves such an attempt to transfer tax benefits for the mutual benefit of two major multinational corporations, a transaction which involved hundreds of millions of dollars, but which ultimately came to naught. The court, in this case, has been called upon to construe the meaning and application of a 1986 "leveraged lease” transaction between IBM Credit Financing Corp. (hereinafter IBM)…
2Cases cited7 opinions
- Ball v. State of New YorkNew York Court of Appeals · 1977
- Lewis v. Ocean Accident & Guarantee Corp.New York Court of Appeals · 1918
- Burr v. Commercial Travelers Mutual Accident Ass'n of AmericaNew York Court of Appeals · 1946
- Wester v. . Casein Co. of AmericaNew York Court of Appeals · 1912
- Mayer v. BishopAppellate Division of the Supreme Court of the State of New York · 1990
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Superintendent of Insurance for the State of New York v. First Central Financial Corp. (In Re First Central Financial Corp.)United States Bankruptcy Court, E.D. New York · 2001
- IBM Credit Financing Corp. v. Mazda Motor Manufacturing (USA) Corp.New York Court of Appeals · 1998
- In Re Kmart Corp.United States Bankruptcy Court, N.D. Illinois · 2007
- IBM Credit Financing Corp. v. Mazda Motor Manufacturing (USA) Corp.Appellate Division of the Supreme Court of the State of New York · 1997
- Canali U.S.A., Inc. v. Solow Building Co.Appellate Division of the Supreme Court of the State of New York · 2002