Mayer Brown Tax Controversy lawyers (as co-counsel for the tax matters partner) achieved a victory for Cross Refined Coal LLC and its partners, Fidelity Investments, Schneider Electric and AJ Gallagher, in the US Tax Court. The US Internal Revenue Service had challenged the partnership's allocation of refined coal production tax credits and related business deductions.

Following the week-plus long trial, the court issued a bench opinion—a rare event in large corporate tax cases—and ruled in favor of the taxpayer on all issues. Read Reuters’ coverage here.

The case was led by partner Brian Kittle (New York) and the trial team included partners Joel Williamson (Chicago) and Geoffrey Collins (New York) and associates John Horne (Washington DC) and Maria Critelli (Chicago). A copy of the order and opinion can be accessed here.