U.S. District Court for the Middle District of Florida in Fort Myers. (Credit: Ebyabe/Wikimedia Commons) Fort Lauderdale Litigators Beat $21M in IRS Penalties for Texaco Heiress
The jury deliberated for less than 45 minutes, defense counsel said.
February 16, 2024 at 02:02 PM
4 minute read
Verdicts-Settlements
What You Need to Know
- The U.S. Department of Justice claimed the Texaco heiress failed to report foreign bank account information on time.
- Federal courts nearly always rule in favor of the government on summary judgment in foreign bank and financial account violations if a specific box is not checked.
- The litigation strategy by the Fort Lauderdale attorneys resulted in a complete defense verdict against the U.S. government.
Fort Lauderdale attorneys for the heiress to the Texaco Inc. fortune scored a defense verdict in a federal district court in Fort Myers against the U.S. Department of Justice, which was seeking to assess a $21 million penalty for a report of foreign bank and financial account violation.
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