U.S. District Judge Ronnie Abrams dismissed the claims brought against the Kentucky-headquartered oil manufacturer and distributor by Ashland Global Holdings Inc., which a McCarter & English team argued Valvoline should have to repay for tax attributes and related benefits valued at about $29 million.
January 27, 2022 at 05:13 PM
2 minute read
Valvoline Inc. isn’t required to claim legacy tax attributes as preferred by its former parent company, a Southern District of New York court determined Tuesday.
U.S. District Judge Ronnie Abrams dismissed the claims brought against the Kentucky-headquartered oil manufacturer and distributor by Ashland Global Holdings Inc., which a McCarter & English team argued Valvoline should have to repay for tax attributes and related benefits valued at about $29 million.
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U.S. District Judge Judge Ronnie Abrams. Photo: Diego M. Radzinschi/ALM
