Legal Opinion
Adalman v. Baker, Watts & Co.
Court of Appeals for the Fourth Circuit
Decided October 31, 1986No. Nos. 85-1964(L), 85-1965PublishedCited by 91 opinions
1Opinion of the Court
MICHAEL, District Judge.
This case presents for resolution several issues which have arisen out of the use of the so-called “tax shelter”.
I. FACTS
The controversies evolved from the relationships between Baker, Watts & Company, a Maryland investment banking partnership (hereinafter Baker, Watts), and Superior Petroleum, Inc. (hereinafter Superi- or), a closely-held Ohio corporation engaged in drilling for gas and oil in Ohio. In early 1981, certain partners, employees and counsel for Baker, Watts bought one-third of the outstanding stock of Superior, and two of the Baker, Watts personnel became…
2Cases cited14 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Michael Meyers, Individually and as Representative of a Class v. Pennypack Woods Home Ownership Association and Marion A. SteinbronnCourt of Appeals for the Third Circuit · 1977
- Randall v. LoftsgaardenSupreme Court of the United States · 1986
- Fed. Sec. L. Rep. P 93,213 Hill York Corporation v. American International Franchises, Inc., Gurn H. FreemanCourt of Appeals for the Fifth Circuit · 1971
- The Johns Hopkins University v. William E. HuttonCourt of Appeals for the Fourth Circuit · 1970
9 more not listed; retrieve them via the Exa API.
3Cited by91 opinions
- Gustafson v. Alloyd Co.Supreme Court of the United States · 1995
- Pinter v. DahlSupreme Court of the United States · 1988
- Sample v. DiecksCourt of Appeals for the Third Circuit · 1989
- Sample v. DiecksCourt of Appeals for the Third Circuit · 1989
- Metromedia Co. v. FugazyCourt of Appeals for the Second Circuit · 1992
86 more not listed; retrieve them via the Exa API.