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Important Recent Court Decisions
To keep you informed about most important recent court decisions, we are posting information about them on our website. Please, browse to the page of your interest by choosing from the links below.
 
Awards on Non-Physical Injuries are Taxable
Marrita Murphy and Daniel J. Leveille, appellants v. Internal Revenue Service and the United States of America, Appellees
On July 3, 2007 a federal appeals court ruled that awards for non-physical “injuries” could be subject to taxation ...
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Federal: US Supreme Court Reduces Exxon Valdez Punitive Award
In June 2008 the US Supreme Court reduced the $2.5 billion punitive damages award, stemming from the 1989 environmental disaster caused by the oil spill released by the 1,000 foot tanker Exxon Valdez, to $500 million. While the court agreed that punitive damages could be collected, Justice Davi ...
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