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September 26, 2009
Asbestos trusts and tax law
Some litigation-created asbestos trusts "engage in transactions of a type the IRS deems dubious," according to Kirk Hartley. He also has been posting on the W.R. Grace bankruptcy: "Asbestos Plaintiff's Lawyers Ask W.R. Grace Bankruptcy Court to Order that Its Findings - on Solvency - Do Not Matter In any Other Forum", along with a followup.
Posted by Walter Olson at 12:13 AM
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