Pension Plan Can't Dodge $2B Danish Tax Suit, Court Says

Law360 (December 22, 2020, 8:11 PM EST) -- A U.S. pension plan must continue to defend itself against allegations that it sought to defraud Denmark's tax agency of $2.1 billion in tax refunds after a New York federal court rejected its motion to dismiss it from the case.

The agency, Skatteforvaltningen, or Skat, pleaded sufficient allegations of common-law fraud against the Goldstein Law Group PC 401(k) Profit Sharing Plan, trustee Sheldon Goldstein and Scott Goldstein, a participant in the plan, the court ruled Monday.

The court also tossed claims that Skat should have been aware of the inadequacies of its reporting process, saying that even if it was, the allegations...

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