D. Berwind, Jr., et al v. Commissioner of Internal Revenue

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Case Number:

24-2364

Court:

Appellate - 3rd Circuit

Nature of Suit:

tax court 

  1. January 05, 2026

    3rd Circ. Won't Rethink Tax On Interest In $191M Pharma Deal

    The Third Circuit declined to reconsider its decision that a pharmaceutical company's $191 million payment settling a family feud was for the sale of a family trust's ownership shares and included interest that should be taxed as ordinary income.

  2. October 30, 2025

    3rd Circ. Affirms Tax On Interest In $191M Pharma Family Feud

    A pharmaceutical company's $191 million payment settling a family feud was for the sale of a family trust's ownership shares and included interest taxed as ordinary income, the Third Circuit said Thursday, rejecting the trust's claim that the money should be taxed at the lower, capital gains rate.