Securitas Unit Wins $88M Deduction in Insurance Risk Shift - McDermott Will & Emery

Securitas Unit Wins $88M Deduction in Insurance Risk Shift

Overview


Michael Kelleher, Elizabeth Erickson and Justin Jesse successfully represented a unit of a global security services giant in U.S. Tax Court, winning the court’s agreement that a captive insurance arrangement legitimately shifted and distributed risk and thus was not subject to millions of dollars in deficiencies that the IRS had attempted to impose.