Legal Opinion
Long-Term Capital Holdings v. United States
Court of Appeals for the Second Circuit
Decided September 27, 2005No. Docket No. 04-5687-CVPublishedCited by 32 opinions
1Opinion of the Court
SUMMARY ORDER
UPON DUE CONSIDERATION, IT IS HEREBY ORDERED, ADJUDGED AND DECREED that the judgment of the United States District Court for the District of Connecticut (Arterton, J.) is AFFIRMED.
Plaintiffs-appellants Long-Term Capital Holdings, LP, Long-Term Capital Portfolio, LP, Long-Term Capital Mgmt, LP, Eric Rosenfeld, and Richard Leahy (together “Long-Term”) appeal from a judgment sustaining the I.R.S. Commissioner’s adjustments to Long-Term’s 1997 partnership tax returns and finding that Long-Term’s underpayment of tax was subject to a 40% penalty for gross valuation misstatement, and,…
2Cases cited10 opinions
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- United States v. BoyleSupreme Court of the United States · 1985
- Minnesota Tea Co. v. HelveringSupreme Court of the United States · 1938
- Leonard Greene and Joyce Greene v. United StatesCourt of Appeals for the Second Circuit · 1994
- Howard Gilman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1991
5 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Jade Trading, LLC ex rel. Ervin Capital, LLC v. United StatesUnited States Court of Federal Claims · 2007
- New Millennium Trading, L.L.C. v. Comm'rUnited States Tax Court · 2008
- 106 Ltd. v. Commissioner, IRSCourt of Appeals for the D.C. Circuit · 2012
- Rhino Fund, LLLP v. HutchinsColorado Court of Appeals · 2009
- 106 Ltd. v. Comm'rUnited States Tax Court · 2011
27 more not listed; retrieve them via the Exa API.