Legal Opinion
Bankers Life and Casualty Company v. United States
Court of Appeals for the Seventh Circuit
Decided April 17, 1998No. 96-2260PublishedCited by 87 opinions
1Opinion of the Court
TERENCE T. EVANS, Circuit Judge.
Upon first glance, this lawsuit seems overly ambitious. Bankers Life and Casualty Company invites us to invalidate a seemingly straightforward and long-standing Treasury regulation. The insurance company’s bold argument makes sense in light of one crucial fact: Bankers Life seeks a tax refund of $71 million plus interest from 1983. In effect, Bankers Life is betting on a long shot. It must know its chances of winning are slim, but the huge potential payoff apparently justifies the effort.
In a nutshell, Bankers Life attacks the validity of Treasury Regulation §…
2Cases cited39 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Brown v. GardnerSupreme Court of the United States · 1994
- Smiley v. Citibank (South Dakota), N. A.Supreme Court of the United States · 1996
- National Muffler Dealers Assn., Inc. v. United StatesSupreme Court of the United States · 1979
- United States v. Vogel Fertilizer Co.Supreme Court of the United States · 1982
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3Cited by87 opinions
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