ADOBE RESOURCES CORP. v. U.S.

No. 91-8342.

967 F.2d 152 (1992)

ADOBE RESOURCES CORPORATION, Plaintiff-Appellee, v. UNITED STATES of America, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied October 9, 1992.


Attorney(s) appearing for the Case

Jon E. Fisher, Dept. of Justice, Tax Div., Dallas, Tex., Robert S. Pomerance, Gary R. Allen, Chief, Bruce R. Ellisen, Atty., Appellate Sec., Dept. of Justice, Tax Div., Washington, D.C., for defendant-appellant.

T. John Ward, Laurie A. McCluskey, Brown, Maroney, & Oaks Hartline, Houston, Tex., Richard D. Cox, White Cox & Larson, Dallas, Tex., for plaintiff-appellee.

Before GARWOOD and DeMOSS, Circuit Judges, and DUPLANTIER, District Judge.


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...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases