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Taxation & Estate Planning

: TaxProf Blog

7th Circuit Denies WellPoint Deduction for $115m Paid to Settle State Lawsuits Over Acquisition of Health Insurance Companies

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The Seventh Circuit yesterday affirmed the Tax Court (T.C. Memo. 2008-236 (Oct. 27, 2008)) in denying a current deduction to WellPoint for $113,837,500 paid to settle lawsuits brought by Connecticut, Kentucky, and Ohio challenging its acquisition of Blue Cross Blue Shield insurance companies in those states, as well as $827,595...

Full post as published by TaxProf Blog on March 24, 2010 (boomark / email).

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