Legal Opinion
Long Term Capital Holdings v. United States
District Court, D. Connecticut
Decided August 27, 2004No. Civil 3:01CV1290, 3:01CV1291, 3:01CV1291, 3:01CV1711, 3:01CV1713, 3:01CV1714 (JBA)PublishedCited by 49 opinions
1Opinion of the Court
FINDINGS AND OPINION
ARTERTON, District Judge.
Table of Contents
I. Summary 127
II. Factual Background 128
A. Long Term Entities 128
B. Babcock and Brown (“B & B”) and Onslow Trading and Commercial LLC (“OTC”) .131
C. CHIPS and TRIPS Transactions.132
1. CHIPS IVA and IVB .132
2. TRIPS I .135
3. Purported Tax Consequences of CHIPS IVA and IVB and TRIPS 1.135
D. OTC and Long Term.136
1. OTC/Long Term Transaction .136
2. Long Term/B & B/UBS Transaction.138
3. Long Term’s Tax Returns.139
4. B&B and OTC After CHIPS and TRIPS.139
5. The Origin of a Transaction for Long Term.142
6. Long Term and B&B.143
7. Long Term…
2Cases cited37 opinions
- Russello v. United StatesSupreme Court of the United States · 1983
- United States v. JanisSupreme Court of the United States · 1976
- HIGBEE v. COMMISSIONER OF INTERNAL REVENUEUnited States Tax Court · 2001
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Leonard Greene and Joyce Greene v. United StatesCourt of Appeals for the Second Circuit · 1994
32 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Stobie Creek Investments, LLC v. United StatesUnited States Court of Federal Claims · 2008
- Jade Trading, LLC ex rel. Ervin Capital, LLC v. United StatesUnited States Court of Federal Claims · 2007
- American Boat Co., LLC v. United StatesCourt of Appeals for the Seventh Circuit · 2009
- New Millennium Trading, L.L.C. v. Comm'rUnited States Tax Court · 2008
- Rhino Fund, LLLP v. HutchinsColorado Court of Appeals · 2009
44 more not listed; retrieve them via the Exa API.