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Won favorable rulings and a nine-figure settlement in a claim against the United States based on its repeal of beneficial tax rules.

ClientConfidential
Region
District of Columbia
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Won favorable rulings and a nine-figure settlement in a claim against the United States based on its repeal of beneficial tax rules. The client purchased a failed savings and loan in Texas in the late 1980s based on representation by various government agencies that certain beneficial tax treatments would be available for such a purchaser. Soon after the purchase, Congress in legislation expressly denied that such tax benefits were available. We sued the U.S. to obtain the promised benefits and obtained a ruling from the U.S. Court of Federal Claims that the United States had breached the implied covenant of good faith and fair dealing. After those rulings, the matter settled for an extremely substantial payment from the government.
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Atlanta, GA
Washington, DC
© 2017 Sutherland Asbill & Brennan LLP / Sutherland (Europe) LLP
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Experience - Won favorable rulings and a nine-figure settlement in a claim against the United States based on its repeal of beneficial tax rules.
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