DeMOSS, Circuit Judge:
Adobe Resources Corporation (Adobe) filed suit seeking to carry back its net operating losses to prior tax years of one of its predecessor corporate groups in order to obtain a tax refund. After a jury trial, the district court entered judgment for Adobe allowing the refund, and the government appealed. We affirm.
I. FACTS
Adobe Oil and Gas, Inc. (Old Adobe) and Madison Resources, Inc. (Madison) were parent corporations of...
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