Legal Opinion
Standard Brands Liquidating Creditor Trust v. United States
United States Court of Federal Claims
Decided July 19, 2002No. 00-188TPublishedCited by 2 opinions
1Opinion of the Court
OPINION
BRUGGINK, Judge.
Pending in this income refund claim are plaintiffs’ motion for summary judgment and defendant’s cross-motion for summary judgment. Oral argument was held on July 16, 2002. The issue presented is the deductibility of certain bankruptcy expenses as “specified liability losses” under 26 U.S.C. (“I.R.C.”) § 172(b)(1)(C) (1994). For the reasons set out below, the government’s cross-motion is granted.
BACKGROUND
Standard Brands Paint Company and its subsidiaries (collectively referred to as “Standard Brands”) manufactured, distributed, and sold paint and related products in…
2Cases cited4 opinions
- Sealy Corp. v. CommissionerUnited States Tax Court · 1996
- Host Marriott Corp. v. United StatesDistrict Court, D. Maryland · 2000
- Intermet Corp. v. Comm'rUnited States Tax Court · 2001
- Sealy Corporation, and Subsidiaries, F.K.A. The Ohio Mattress Company and Subsidiaries v. Commissioner of Internal Revenue, Sealy Corporation, and Subsidiaries, F.K.A. The Ohio Mattress Company and Subsidiaries v. Commissioner of Internal Revenue, Sealy Corporation, and Subsidiaries, F.K.A. The Ohio Mattress Company and Subsidiaries v. Commissioner of Internal Revenue, the Ohio Mattress Company Licensing and Components Group and Subsidiaries v. Commissioner of Internal Revenue, Sealy Corporation, and Subsidiaries, F.K.A. The Ohio Mattress Company and Subsidiaries v. Commissioner of Internal Revenue, Sealy Mattress Co., and Subsidiaries, F.K.A. Ohio-Sealy Mattress Manufacturing Company and Subsidiaries v. Commissioner of Internal Revenue, the Ohio Mattress Company Licensing and Components Group and Subsidiaries, F.K.A., Sealy, Incorporated and Subsidiaries v. Commissioner of Internal Revenue, Sealy Mattress Co., and Subsidiaries, F.K.A. Ohio-Sealy Mattress Manufacturing Co. And Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1999
3Cited by2 opinions
- Major Paint Company, Standard Brands Paint Company, Standard Brands Liquidating Creditor Trust, and Standard Brands Paint Co. v. United StatesCourt of Appeals for the Federal Circuit · 2003
- In Re Harvard Industries, Inc.United States Bankruptcy Court, D. New Jersey · 2006