Legal Opinion
Cenex, Inc., (Formerly Known as Farmers Union Central Exchange, Inc.,) and Subsidiaries v. United States
Court of Appeals for the Federal Circuit
Decided October 9, 1998No. 98-5046PublishedCited by 8 opinions
1Opinion of the Court
MAYER, Chief Judge.
Cenex, Inc. appeals the judgment of the United States Court of Federal Claims, No. 92-CV-97, which granted the United States’ motion for summary judgment that losses associated with Cenex’s investment in Energy Cooperative, Inc. are capital losses and that Cenex’s payments to Northern Tier Pipeline Company for shutdown costs were contributions to capital that deserve capital loss treatment. Because the court correctly characterized these losses as capital ones, we affirm.
Background
Cenex, Inc. is an agricultural cooperative corporation that sells, inter alia, petroleum…
2Cases cited15 opinions
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Arkansas Best Corp. v. CommissionerSupreme Court of the United States · 1988
- Roth Steel Tube Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1986
- Barsebäck Kraft AB v. United StatesCourt of Appeals for the Federal Circuit · 1997
- Booth Newspapers, Inc. v. The United States. The Evening News Association v. The United StatesUnited States Court of Claims · 1962
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3Cited by8 opinions
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- In re Ruff Financial Services, Inc.; Segal v. LedyardCourt of Appeals for the Tenth Circuit · 1998
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