Shell Petroleum Inc., v. United States

On July 3, 2008, Judge Ewing Werlein ruled in favor of our client, Shell Petroleum, Inc., on its tax refund claim against the United States in connection with a dispute concerning the economic substance of a corporate reorganization under Section 351 of the Tax Code. The Court’s detailed ruling relied in part on expert testimony provided by David Ross of our Chicago office concerning the value of exploratory offshore oil leases transferred in the reorganization. We worked with Steve Gardner and Scott Pashman at Cooley Godward Kronish LLP; Charles Hall and Tom Godbold at Fulbright & Jaworski LLP; and Ken Gobetz at Wichler & Gobetz, PC.