Paa Management, Ltd. v. United States

MINER, Circuit Judge:

Respondent-appellant United States of America appeals from an order of the United States District Court for the Southern District of New York (Knapp, J). The order quashed administrative summonses, issued by the Internal Revenue Service (“IRS”) pursuant to section 7602 of the Internal Revenue Code of 1986, 26 U.S.C. §§ 1 et seq. (“I.R.C.” or “Code”), to petitioner-appellee PAA Management, Ltd. (“PAAM”), and to Arthur Andersen & Co., Spear, Leeds & Kellogg, Wagner Stott Clearing Corp., and Merrill Lynch, Pierce, Fenner & Smith. PAAM is the general partner, and “tax matters…