United States Seventh Circuit

In a suit to recover a tax refund, summary judgment for the government is affirmed where loss of all liquidating value of stock in a construction company occurred prior to the year for which plaintiffs claimed a refund, and an expected recovery from a lawsuit did not represent a reasonable possibility that the company would remain in business into the year the refund was claimed.

Appellate Information

• Argued 05/15/2008
• Decided 01/15/2009
• Published 01/15/2009

Judges

• WILLIAMS, Circuit Judge., Before RIPPLE, KANNE, and WILLIAMS, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Cary S. Fleischer (argued), Chuhak & Tecson, Chicago, IL, for Plaintiffs-Appellants.


• For Appellees:
  
• Randolph L. Hutter (argued), Department of Justice, Washington, DC, for Defendant-Appellee.