General Electric Company v. USA

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Case overview

Case Number:

3:14-cv-00190

Court:

Connecticut

Nature of Suit:

Taxes

Judge:

Jeffrey A. Meyer

Firms

Companies

Sectors & Industries:

  1. February 06, 2017

    Gov't Settles GE Tax Fight Over $455M Loss On Co. Sale

    The federal government will pay General Electric Co. an undisclosed amount to settle the company's bid for an Internal Revenue Service tax refund on a $455 million loss on the sale of a life insurance subsidiary, according to a settlement stipulation filed Monday in Connecticut federal court.

  2. March 17, 2016

    GE Wants Tax Refund On $455M Loss On Insurance Co. Sale

    General Electric Co. told a Connecticut federal court Wednesday that it is entitled to a tax refund from the Internal Revenue Service on a $455 million loss on the sale of a life insurance subsidiary, saying the agency had no grounds for disallowing the loss.

  3. September 15, 2015

    Most GE Docs Ruled Protected In $658M Tax Fight

    A Connecticut federal judge ruled Tuesday that General Electric Co. properly asserted attorney-client privilege for most of nearly 9,000 disputed documents in a $658 million tax refund lawsuit centered on an insurance subsidiary, discounting the IRS' assertions that public information disclosed in those documents mooted a claim to privilege from discovery.

  4. September 01, 2015

    GE Says IRS Took Too Long To Seek Info In $658M Tax Fight

    General Electric Co. blasted the U.S. government Monday in a $658 million tax refund lawsuit, saying the government's attempts to obtain information on thousands of documents related to a subsidiary insurer's sell-off that GE considers privileged are too late considering the deadline for document discovery is Tuesday.

  5. July 23, 2015

    Davis Polk Can Screen Cahill Docs In GE's $660M Tax Row

    Ethical obligations do not restrict Davis Polk & Wardwell LLP and General Electric Co., the firm's client in a $658 million tax dispute, from deciding which documents a third party and former GE counsel at Cahill Gordon & Reindel LLP produce in response to a government subpoena, a Connecticut federal judge ruled Wednesday.

  6. February 14, 2014

    GE Says IRS Overtaxed By Disallowing $2B Restructuring Loss

    General Electric Co. is claiming it overpaid its 2000 taxes by $658 million after the Internal Revenue Service blocked its attempt to declare a capital loss of $2.2 billion, according to a complaint filed Friday in Connecticut federal court.