November 24, 2015
The federal government told the Third Circuit on Monday that it has decided not to pursue its challenge over LifeCare Holdings Inc.'s $320 million bankruptcy sale to Carlyle Group LP that purportedly stiffed the Internal Revenue Service for $24 million in capital gains taxes.
September 14, 2015
The Third Circuit on Monday let stand LifeCare Holdings Inc.'s $320 million bankruptcy sale to Carlyle Group LP, rejecting a government challenge over the structure of the deal that left $24 million in capital gains tax incurred on the sale unpaid.