Ya Global Investments, et al v. Commissioner of Internal Revenue

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Case Number:

25-1766

Court:

Appellate - 3rd Circuit

Nature of Suit:

tax court 

Companies

Sectors & Industries:

  1. January 13, 2026

    IRS Asks 3rd Circ. To Uphold $100M Bill Against Hedge Fund

    The Internal Revenue Service urged the Third Circuit to uphold a $100 million tax bill against a Cayman Islands hedge fund, arguing that the fund's U.S.-based investment manager carried out a domestic business beyond merely securing capital.

  2. September 19, 2025

    Cayman Hedge Fund Takes $100M Tax Dispute To 3rd Circ.

    A Cayman Islands hedge fund urged the Third Circuit to revive its challenge to a $100 million tax bill for earning money in connection with a U.S. business, saying the business did not exist, contrary to claims by the IRS and the U.S. Tax Court.